Saturday, November 24, 2012

The "fiscal cliff" is less frightening than the bankruptcy cliff.

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.

Read more: http://reason.com/archives/2012/11/21/about-that-fiscal-cliff

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