November 27, 2012 at 08:18 AM EST
A Way to Avoid the Fiscal Cliff without Creating Another One
So far the fiscal cliff debate has mainly been about whether tax revenues should be on or off the table with little mention of spending. But the economics of the debate—as distinct from the raw politics—make no sense without considering spending. And whenever spending is mentioned, it’s in terms of gargantuan ten-year totals like 2 [...]
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