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Saskatchewan | Just curious, I don't mean to stick my nose into your politics in the states. What is wrong with the fiscal cliff?
Expirations of tax cuts? Massive gov't spending cuts? A balanced budget?
I don't mean to pry, but what's the problem? We know a recession will come, we will have to deleverage. The Federal Reserve won't have to monetize 70% of new congress debt. Interest rates will be able to rise. The economy will rebalance.
I know, it will suck. We have to face our problems eventually. Either kick the can down the road, or sober up. I realize that if your living on some form of gov't incentive, you will probably lose it. But we all have to pitch in and face the darkness. That is just how I see it, either inflation or recession. Please explain. | |
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What is wrong with the fiscal cliff?
