In response to:

About That Fiscal Cliff

Fred1666 Wrote: Nov 22, 2012 11:01 AM
Is it true that the cuts mentioned in the article are over one year and the tax increases of over 400 billion are over several years? I wish writers would keep their numbers in the same time frame.
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...