It should be obvious to anyone who follows the news even cursorily that the biggest issue in Washington right now is the matter of the upcoming “fiscal cliff.” If this seems like an overly dramatic expression, it’s because the issue itself is extraordinarily dramatic and, if allowed to transpire, threatens to unleash a host of…
Tag: fiscal cliff
Down to brass tacks
In conversations with Republicans and conservatives, one common response when they are asked about the economic woes facing this country has to do with the rapidly expanding deficits and the national debt. To begin, it’s first important to understand exactly what these terms mean. A deficit is when the government spends more money than it…