Turn on the TV and this is what you'll hear: The US budget is heading for a fiscal cliff. If a deal isn't reaching in Congress by the end of this year, a combination of automatic tax hikes and budget cuts will sink America into economic depression. There is no escape.
Of course, my readers know that the fiscal cliff is merely an example of the piper having to be paid. The problem isn't the bill, but that we ran it up so high in the first place. Any deal to avoid the cliff...
Breaking on TOWNHALL
- Video: Parents of fallen SEAL demand Obama resignation Ed Morrissey 58 mins ago
- Breaking: ISIS releases new video of beheading another American journalist Ed Morrissey 1 hour ago
- Politico sounds the alarm: Boehner may still have to listen to tea partiers after midterms Noah Rothman 2 hours ago
- Fox News: Obama briefed for more than a year on ISIS as serious threat Ed Morrissey 2 hours ago
- Poll: 63% oppose Obama’s executive order on amnesty Allahpundit 3 hours ago
- Ukraine ends offensive operations against rebels, digs in to repel Russian invasion Noah Rothman 4 hours ago