Bridge to a Higher Cliff

[Geee]

American Spectator:

The New Year’s Eve deal to avoid the fiscal cliff isn’t just a lousy deal: it’s entirely corrupt. Obama insisted on what he called a “balanced deal,” but to him a balance is only between increased government spending and higher taxes. It allowed President Obama to pretend that the deal reduces federal spending by $732 billion over the next ten years though, in fact, it increases federal spending — by $332 billion — more than it cuts.

And it did precisely nothing about federal spending. In fact, it adds $4 trillion in new debt over the next decade.

The fiscal cliff deal was nothing more than a bridge from one cliff to another. If we’d gone over that cliff, the damage done could have been remedied quickly. None of the tax hikes the so-called “fiscal cliff” would have imposed would have been permanent. They could have been reduced to their pre-cliff levels by the legislation that is now going to be another “must-pass” deal on the federal debt ceiling mess next month.