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« A One Word Solution for the Fiscal Cliff | Main | Weighing the Week Ahead: Higher Hopes for Housing? »

September 12, 2012

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Elsid Lareme

I heard a great discussion today, Sept. 16, from non-partisan inside-the-beltway policy people (not politicians) regarding the fiscal cliff. (This was on the XM POTUS channel.)

The upshot was: even if it happens, fiscal SLOPE would be a better term. For one thing, it applies to future spending, not currently authorized spending, so contracts, projects, and people already existing would continue on but possibly not be replaced when authorization expires, which does not happen all at once for everything.

The other part of the discussion was about the nation's debt. The conclusion was: the debt is not yet near a crisis point but we are definitely headed in the wrong direction. There is ample time to fix it.

Don't let the demagogues and sensationalists scare you.

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