kenneth416 Wrote:
Nov 14, 2012 10:45 AM
The so-called "Fiscal Cliff" was created by a spineless Congress which averted its attention to the imbalance between revenues and expenditures, hoping to avoid voting on a difficult issue. And, of course, the Congress can undo previous actions by another maneuver to once again "kick the can down the road." While the "sequester" is a terribly inefficient way to cut expenditures, it at least would force cuts in expenditures. Further, even if the fiscal cliff is breached, the government will still run a deficit every year as far as one's eyes can see. The only difference is that the yearly deficit will be $600 billion instead of $1 trillion. What is a mer $400 billion a year?