NEWSMAX: …“There will be some panic and some moaning and groaning, but the fiscal cliff is not a real cliff, it’s a slope, and you are going to get the biggest bang for the buck in terms of deficit reduction.”
Dean, who ran for the White House in 2004, said the economy will be able to withstand the effects of the cliff. “Yes we will go into two quarters of recession,” he said.
“But we are in deep trouble here, somebody’s going to have to pay the bill and it is going to have to be all of us and you get a much better tax bang if you go back to Bill Clinton’s tax rates.”… (more)
EDITOR: If (and this is a big “if”) this would lead to a large reduction in defense spending, we consider it a price worth paying. Bringing sanity to national security spending and bringing our health care system in line with other advanced nations are the key to a resurgent USA.
