Fiscal Cliff Or Fiscal Slope?

Dear readers: read this before panicking. — J.W.

The Joy of Tax Law

cliffWhile Congress and the media obsess over the “fiscal cliff,” there is a growing dissent amongst some politicians and economists as to how the issue is being labeled.  More appropriate terms, critics of the “fiscal cliff” argue, may include: “fiscal slope,” “gradual fiscal slope,” “fiscal curve,” “taxmageddon,” and “austerity crisis.”  These alternatives attempt to reflect the idea that the fiscal cliff, a series of mandatory budget cuts and tax hikes that kick-in at the end of the year, is not quite the doomsday that falling off a cliff implies.

As Ed Ardeni, president and chief investment strategist for institutional investor advisory Yardeni Research, put it:

“We’re not going to fall off the edge of the earth at the beginning of next year. When you fall off a cliff you die. So it’s a bit of an exaggeration to say that’s what we’re facing here.”

Similarly, Sen. Bernie Sanders (I-Vt.), noted that even if the deadline is missed by a month…

View original post 637 more words

3 thoughts on “Fiscal Cliff Or Fiscal Slope?

  1. He died in 1985 but this very personal museum can be a
    lasting reminder of the very remarkable man. Virus Barrier X5 can be a popular virus scanner
    available for Mac computers. The free Lyrics Search app can be
    acquired at the Android Market.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s