Fiscal Cliff – The Ultimate Self-Inflicted Wound

Guest
Will McBride
Show Date
November 18, 2012
Categories
Taxes
Org/Affiliations
Tax Foundation
Primary Link
Related Shows
Created time
Dec 8, 2021 3:10 AM

Guest: Will McBride

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In 34 days, everyone’s economic life will turn to varying degrees of garbage – compliments of a spineless Congress and several clueless Presidents. We will wake up from our New Year’s Eve stupor to the joys of higher taxes and fewer entitlement payments. The effects on the economy will be somewhere between catastrophic and fuggitaboutit. The cause – the so-called β€œfiscal cliff.” This is the result of a series of postponements of hard decisions by the President and Congress so as not impede their re-election. Enjoy your higher tax payments, knowing that money went for a good cause – the keeping of Obama, Pelosi, Boehner and the rest of those cowardly losers in power. How did we get here? What does it mean to you? Is there any escape? In this episode, Bob welcomes Will McBride, Chief Economist at the Tax Foundation. Will knows all the answers and so will you. Thomas Paine feared β€œthe greedy hand of government thrusting itself into every corner and crevice of industry.” We are living it.