The Fiscal Cliff: How to Call the Big Spenders' Bluff
From RealClearMarkets
November 30, 2012 - 2:53am
Matt Kibbe, ForbesThe fiscal cliff – and the hullabaloo surrounding it — is a curious phenomenon. It has been over 3 years since Harry Reid’s Senate passed a budget. The U.S. federal government is over $16 trillion in debt. And Uncle Sam is borrowing 1 out of every 3 dollars he spends.
If there is a “fiscal cliff,” our federal government drove off the edge of it about ten trillion dollars ago.
November 30, 2012 - 2:53am
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