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With a Fiscal Cliff Looming
Beginning of article
The Future Ain't What It Used to Be
As the end of the year approaches, we are reminded mat tax increases and mandated federal spending cuts are scheduled to take effect on January 1, 2013, unless U.S. policymakers can successfully find a nonpartisan solution to avoid this looming "fiscal cliff." On the upside, the fiscal cliff will achieve deficit reduction, but at the price of potentially pushing our already weak economy back into recession. This obviously isn't a sound way for our nation to achieve its objective of fiscal responsibility.
To accomplish the goal of reducing annual federal deficits, and ultimately whittle away at the national debt, a combination of increased …
