This is not a fiscal cliff. This is fiscal insanity. It is a fiscal abyss, and we are about witness the view from amidst the rubble at the bottom of it
Forty-one dollars in tax increases for every one dollar in spending cuts. That’s the shrewd deal Speaker of the House John Boehner negotiated with President Barack Obama. Obama, Boehner and other congressional leaders have known for a year and a half that these automatic tax increases and so-called spending cuts — also known as the fiscal cliff, or sequestration — were coming, and yet they did nothing. In fact, Obama seemed to gleefully taunt Republicans after his re-election in November, as though he wanted to go over “the cliff.” He taunts them still, and it will get worse.
