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Isn't the fiscal cliff really just a distraction or excuse?
I mean come on, 1.2 trillion in cuts, that's nothing - and isn't most of it over a 10 year period? Big deal. Yet all I hear is "Fiscal Cliff, Fiscal Cliff" almost like everyone was clamoring about the year 2000 looming at the end of the calendar...
It probably is not that big of a deal and is being hyped up.....like everything else it's hard to figure what the truth is with all the bullcrap out there.
Don't know much about this subject. This is from wikipedia:
Under current law, which mandates these tax increases and spending cuts, the deficit for 2013 is projected to be reduced by roughly half, with the cumulative deficit over the next ten years to be lowered by as much as $7.1 trillion.
I have enclosed one. I wen't back to the World War II era.
It's worse than I thought for dept to GDP. I believe that the total U.S. debt in dollars
is actually meaningless. (Didn't have time to read all your stuff. Maybe you already covered all this.)
