In response to:

About That Fiscal Cliff

Fuzzy2 Wrote: Nov 21, 2012 9:26 PM
All government pensions need to be depleted immediately to pay for other debt. The government is responsible for the debt and they blew it. Its gone. Poof. I feel bad for the government retirees, but I didn't vote for INSANE, out of control spending.
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...