Note: Guest blogger Lewis Warne, an NCPA research associate, gives his thoughts on the fiscal cliff…or is it a mountain? The fiscal cliff looms ahead, but the fall is so far only because we blindly walked up a mountain of spending. Over the past 30 years there has been a severe lack of fiscal foresight and […]
Tag: "fiscal cliff"
It”s less than four days away from the fiscal cliff. But unlike the recent Mayan prophecy, the cliff will really happen. Tax cuts will expire and discretionary spending will be cut automatically. And of course, we will reach the debt c eiling sooner rather than later. There are many obvious things wrong with this picture, […]