A Heaping Helping of Ridicule for Ruth Marcus

Ruth Marcus commits just about every major error in budget analysis in her Washington Post column this morning. To start with, she warns of the fiscal cliff at the end of the year:

"a fiscal cliff looms at year’s end, when a cornucopia of tax cuts is set to expire and a $1.2trillion spending sequester kicks in. Like Wile E. Coyote, we are about to suddenly look down at a gaping void."

Wow, that sounds really scary. Of course this is the sort of nonsense that can only appear in the Washington...