Mayday! Mayday! Watch out! There is a “fiscal cliff!” We’re headed straight for it! It will be the ruin of all America!
Just as soon as the 2012 presidential election was over, media outlets had a huge vacuum to fill and nothing to fill it with, at least that’s what I have to assume since cable news is 24/7 fiscal cliff coverage ever since President Obama was declared the winner.
But guess what. Despite the constant drumbeat of scary cliff talk, there is no such thing as a “fiscal cliff.” Yes, we have a serious budget situation thanks, mostly, to the tax cuts given to us by former President George W. Bush, as well as the tinkering his administration did with the tax code.