Some data – usually indispensable – never seems to make it through the finely spun ideological mesh that clutters our perceptions.
Dominic Pino has written an eye-opening piece for National Review, The Mother of All Fiscal Cliffs, that will, as usual, not open nearly enough eyes.
Pino begins his article provocatively: “The current argument over government funding and the risk of a shutdown is small potatoes. The debt-limit fight over the summer was small potatoes. Even the great ‘fiscal cliff’ of 2012–13 was small potatoes. The mother of all fiscal cliffs is coming in 2025, and we’re not ready for it.”
One hardly needs to point out that 2025 is right around the corner, a year after, most politicians may be relieved to hear, the upcoming 2024 national and state elections. A cliff arriving prematurely before the elections might possibly wash big spenders out of office.
The precipitous cliff has rattled Paul Winfree, an economic historian and president and CEO of the Economic Policy Innovation Center, a new think tank founded to help guide lawmakers on economic issues.
Dibble, dibble, dibble, that was 5 minutes of my life wasted. And I guess that guy got paid to write what lots of us already know.