Originally Posted by Winstonbiggs
There is no fiscal cliff. We took on debt in the past which has to be paid in the future. The debt wasn't used productively to get a sufficient pay back to justify taking it on. We are going to be collectively poorer going forward because of that.
Demand will be lower, taxes will be higher and budgets will have to be leaner.
Sure, with no (D) Federal budget necessary the baseline of spend has been already jacked up to unsustainable amounts and no (D) is talking about that or reduction. Just how intransigent (R) is to rolling over.
Thank God parasitic (D) states and cities can't undo control of the House.