"Spending cuts"? That's not in the interests of the people they're working for. The best they can do is posture it as a cut in the rate of increase - but they always seem to be able to make up for it "behind the curtain".
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...
It's all got to decrease - seems we'e gotten used to trillion dollar deficits (wasn't that just supposed to be for one year's worth of emergency?)