The Real Fiscal Cliff

Some ad man deserves an award for coming up with the phrase “fiscal cliff” to denominate a combination of spending cuts and tax increases that had the potential to make a start, at least, toward addressing the nation’s debt crisis–$16.4 trillion and growing. Whew! The “fiscal cliff” was averted, and Wall Street celebrated. But the real cliff just got that much closer. That’s my pedestrian way of explaining what the matchless Michael Ramirez portrays graphically:

What is Barack Obama’s position on the real cliff, the debt that is rapidly approaching the point where it can’t possibly be paid off? Or–put another way–is there any evidence that Obama’s attitude is anything other than “Apres moi, le deluge?”

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