“Since the chicken-little metaphor is hackneyed, let us use the alleged lunacy of the lemming as a metaphor for the prattle that rises from the cattle that is America’s intelligentsia, in general, and on the fiscal cliff, in particular. ‘Alleged lunacy’ because the idea that the adorable fury critter plunges periodically to its death, en masse, is a figment of another intellectual powerhouse: the think tank known as the Walt Disney Company.
From the late-night talk show hosts and their guests to the daytime cable news comedians and their hangers-on: All are discussing the country’s impending and ‘horrifying’ collective tumble down the thing called the ‘fiscal cliff.’
As the fiscal-cliff chant goes, the country is headed for an economic precipice due to a bundle of laws that will take effect at the bewitching hour of midnight, Dec. 31, 2012. Only a compromise between our factioned overlords in D.C., who enacted the law in the first place, will avert mass suicide.
Let us unpack this linguistic construct.
At least some of the noisy nomenclature refers to a package of spending cuts, ‘deep, automatic cuts,’ by Barron’s telling, bundled in the Budget Control Act of 2011.
‘The federal budget deficit will be immediately cut in half, shrinking to approximately $641 billion in 2013 from the approximately $1.1 trillion in 2012,’ estimates financier Peter Schiff. I’m inclined to think of this ‘budget sequestration’ Wikipedia describes as ‘broad and shallow’ as nothing more than cuts to designated increases in spending.
However you slice it, why, pray tell, is this a bad thing?” …
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