Sneaking up on the US government, slowly but surely, is the fiscal cliff–the agreement congress made to cut spending across the board in many sensitive areas if a bipartisan deficit reduction plan could not be agreed to. This was a bad idea from the outset, but you wouldn’t know it from listening to the Democratic Party, and that’s both a problem, and the topic of today’s post.
Tag: Interest Rate
The Imaginary Debt Crisis
Lots of people think the United States has a debt problem. Lots of people are wrong. Here’s why.