Saturday, December 1, 2012

A Primer to Fiscal Cliff Notes

In one month, unless Congress and the President can agree upon a solution, sequestration will occur which will automatically make an across the board 10% budgetary reduction. In the District of Calamity, this willy-nilly cost cutting is know as going  over the fiscal cliff.

As most Americans are in the Christmas preparation rush and President Obama is set to rush off to a 20 day $4 million holiday in Christmas Vacation in Hawaii, it does not seem that the calamitous effects if the Lame Duck Congress is unable to craft a compromise budget are widely understood. So here are some fiscal cliff notes:

 President Obama offered an idea to allegedly avoid the sequestration crisis:

Senate Minority Leader Mitch McConnell (R-KY) found this proposal laughable.

READ MORE at the blog

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