Monday, December 31, 2012

Who's Afraid of the Fiscal Cliff?

Really--it's not that big a deal, outside of the AMT and Medicare.

(Did you ever wonder why Congress NEVER 'fixes' the AMT with a permanent inflation-indexing law?  Think "Campaign Contributions."  The scumbags are consistent, anyway....)

Medicare is an easy one-target fix, too.

As to DOD cuts:  even after they are fully implemented---which they won't be---DoD spending will still be greater as a percentage of GDP than they were just after VietNam.

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