In response to:

About That Fiscal Cliff

deltagreen Wrote: Nov 21, 2012 8:03 AM
The reality is we're spending 1.3 Trillion a year more than we take in. So if the increases kick in we get 400-450 billion. That means to balance the budget we need to cut 850-900 billion in spending. Somewhere around 20% across the board. Lets make it 25% and start filling that 16 Trillion dollar hole we're in.
Joe840 Wrote: Nov 21, 2012 8:28 AM
What you are saying makes too much sense. Very few people in Congress are willing to do what it takes.
Chris from Kalifornia Wrote: Nov 21, 2012 8:46 AM
There might be 2 or 3 out of the 537 of them.
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...