In response to:

How the Fiscal Cliff Deal Hurt a Recovering Economy

h20skier2 Wrote: Jan 08, 2013 10:50 AM
So, w-smith, if I promise to buy my wife a new car in two months and I lose my job I should still go buy that car because I already authorized her to buy it? Or if I promise to buy a new car for my wife and the bank turns me down for credit I should still insist they raise my credit limit so I can incur the new debt that I can't pay for.
The deal that Congress came to on the fiscal cliff last week was a combination of half-measures, compromise, and kicking-the-can that nobody seemed to like but was overwhelmingly approved. Most of the meaures that constituted the cliff stood poised to harm the economy over the next two years - and Congress' failure to offset the cost of averting the cliff will result in a worse economy in the long run.

As Americans everywhere found out with their first paychecks of the new year, Congress failed to reauthorize the temporary payroll tax cut that expired. This could result in between 300,000...