Comments on that “fiscal cliff”…

It’s hard to take your machete and make your way through the rain-forest rhetoric about that famous fiscal cliff. Much of the latter has been dedicated to the idea that it’s a great opportunity for Republicans and Democrats to get past their partisanship and engineer a compromise. It’s been done before, with Reagan and with Clinton. Those solutions to the vexing problem of balancing budget cuts with increased revenues were lame, though. This is why the problem comes back to haunt us.

Let’s con...