In response to:

About That Fiscal Cliff

tsimitpo Wrote: Nov 21, 2012 12:46 PM
Actually, spending cuts WOULD serve the interests of the people they're working for if it drives the soon-to-be-formerly-working middle class into desperation and willing to take any pittance offered them. I'm all for tax cuts, but spending cuts can also be devastating on a struggling economy that's based on consumerism.
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...