Attention to the Fiscal Cliff

 

Turning Attention to the Fiscal Cliff

"Determine never to be idle. No person will have occasion to complain of the want of time, who never loses any. It is wonderful how much may be done, if we are always doing." --Thomas Jefferson

The dust had barely settled from Tuesday's election before attention turned, as it should, to the looming fiscal cliff threatening the U.S. economy in the new year. The election outcome didn't change the fact that America is headed down a path to financial oblivion. In fact, awarding Barack Obama with another four years most likely assured it, as reflected by the market's sharp downturn in the election's aftermath.

Just look at the mess he'll inherit from the last four years!

(For a thoroughly comprehensive take on the election results, read Mark Alexander's Halftime Is Over ... We're Back in the FIGHT!.)