The "fiscal cliff" is a confluence of three legal changes taking effect Jan. 1: the expiration of a payroll-tax cut, the expiration of the Bush-era tax cuts, and the advent of mandatory spending cuts known as "sequestration."
Do you feel disappointed in government? Does Obama seem a little too meek for the Presidency? Do you wish he'd make larger structural reforms? Maybe, suggests Matt Taibbi, there's an answer. [more inside]
posted by jock@law
on Oct 23, 2009 -