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Posts Tagged ‘debt reduction’

Post fiscal cliff: The fix is in

January 2nd, 2013

by

We’ve been trying to deal with the national debt in this country for 30 years now. The fiscal cliff is just the latest failed gimmick. We’ve had more failed gimmicks than professional wrestling.

Failed? Yes, because the whole idea of the fiscal cliff was to force the federal government to put in place a long-term reduction of the national debt. And look what happened. Instead of reducing the national debt, the deal passed by Congress late Tuesday night will add $4 trillion to the deficit over the next 10 years, according to the nonpartisan Congressional Budget Office.

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