In response to:

About That Fiscal Cliff

Joe 145 Wrote: Nov 21, 2012 8:09 AM
Well done. Your last sentence says it all: " The "fiscal cliff" frightens me less than the bankruptcy cliff." Yet if politicians can push the bankruptcy off until after they have left office, why not? This way, you get to enjoy the advantages and avoid the painful part. Our population appears to agree as we keep voting in people who are doing this to our country.
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...