Fiscal Cliff Coming to You Personally

You have heard about it before. Taxmaggedon, as Heritage described it. The Fiscal Cliff, as described by the Treasury. It really doesn’t matter what the name is. We are facing a potential second recession, if not an outright depression if this is not solved.

And, I want to make this perfectly clear. This is a political problem, not an economic problem. Both parties punted last year, and failed on a budget. The “Supercommittee” failed, and we were left with a disagreement that leaves us with $501 Billion in tax hikes, coupled with $500 Billion in defense cuts.

Geesh. Both poorer and weaker. What kind of government do we have? Read the article here.

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