Tag / fiscal cliff
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Don’t Jump! Avoiding the Fiscal Cliff
The first task that awaits President Obama as he wraps up the quadrennial “year off” that we give to campaigning Presidents is to reduce the deficit and to confront the impending fiscal cliff, defined as the scheduled end of the Bush tax cuts coupled with a series of massive cuts to discretionary and defense spending…
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Fiscal Fiasco
After defeating Mitt Romney, Barack Obama’s greatest challenge is the upcoming “fiscal cliff”—the simultaneous expiration of the Bush tax cuts and the scheduled implementation of sharp spending reductions entailed in the Budget Control Act of 2011, often referred to as “sequestration.” After the 2011 summer debt ceiling negotiations, Congress designed sequestration as a painful last…
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