IPFS News Link • Economy - Economics USA
Headed Toward the 11th Hour Compromise
• Lewrockwell.comThe hysteria surrounding the January 1 deadline for the Budget Control Act’s spending cuts and expiration of the Bush tax cuts seems all too familiar. Even the language is predictably hysterical: if government reduces planned spending increases by even a tiny amount, the economy will go over a “fiscal cliff.” This is nonsense.