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Reminder: The Fiscal Cliff "Solution" Sets Up Yet Another Ugly Fight

Nixie_Tuber Wrote: Jan 03, 2013 4:52 PM
The downgrade occurred because of the government's spending habits, extraordinarily poor financial choices and no change in either for the foreseeable future. This lead to less confidence in the United States Government as an investment. It's as simple as that. There is no way to tax our way out of this problem. It is a mathematical impossibility. Uncle Sam must live on less that what he takes in.

Enjoy the communal sigh of relief while it lasts, America.  Sure, the endlessly-discussed "fiscal cliff" has been averted thanks to a flawed, 13th-hour deal -- but the high-stakes partisan wrangling is just beginning.  We'll get to the road ahead in a moment, but first, a word or two about the compromise itself.  Let's stipulate right out of the gate that it stinks.  It was jammed through in late night votes at the last possible minute, it scratches the Left's "fairness" itch to no constructive end, and the CBO calcluates its tax hike to spending cut ratio is roughly