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About That Fiscal Cliff

Charles SWVA Wrote: Nov 21, 2012 8:21 AM
Sing to tune of "Over the river" and through the woods, And over the cliff we go, Obama will pull the sleigh through the snow, As over the cliff we go. Let's do it. Let's see how it comes out.
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...