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About That Fiscal Cliff

Hard Thought Wrote: Nov 21, 2012 7:21 AM
Worked for France in the 1960's. You have a better, i.e. more political palatable idea? The Weimar Republic refused to devalue its' currency and opted for hyper inflation leading to the National Socialist take over after one, last election. Sound familiar?
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...