There is talk that the physical cliff has to come and that there has to be belt tightening, slashing of welfare programs and massive tax hikes. What do you think that has to happen to save the economy, the government and get the budget controlled?
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http://damdems.wordpress.com/2012/07/28/november-a... Yes, I know that it is the fisical, meaning money, but Senator Simpson refers to it as an actual "Physical Cliff"--
We are in a mess- In most households, everyone had to cut spending and tried to make ends meet, not spend and borrow more money to cover the present debts. See: http://www.theblaze.com/stories/how-many-businesse...
The demwits have adopted the illegal but politically convenient strategy of running the executive branch without a budget. They have refused to adopt one since 2009. That frees Obama from those pesky restraints of spending control. Forget cuts.