In response to:

About That Fiscal Cliff

Big_D_ Wrote: Nov 22, 2012 10:00 PM
The real excitement will be over the impending debt ceiling debate. Once again, we'll have a political drama fest, followed by some dumb compromise by the "conservatives". And spending and borrowing will ensue unabated. At least this time they won't be able to say the "Threat of Government Shutdown" or the "Debt Rating Cut" were caused by the Tea Party. As everyone knows, the Tea Party is dead. Not on your life.
Yikes, we're headed toward a fiscal cliff! It will crush the economy! Or so the media and politicians tell us.

The "cliff" is a series of tax increases and budget cuts that automatically go into effect Jan. 1 unless Congress acts.

Will Congress act?

It will! I see the future: The politicians will meet and fret and hold press conferences and predict disaster. Then they'll reach a deal.

It will just postpone the reckoning, but they'll congratulate themselves, and the media will move on.

America, however, continues to go broke.

"They're not going to admit that we're bankrupt, and they won't...