Fiscal Cliff = Fiscal Joke
Welcome to Tony Island blog! You've undoubtedly heard about the "fiscal cliff" recently - those budget cuts and tax increases that will cause the world to end if they are allowed to be enacted. Of course, as with anything coming out of Washington, D.C. these days, it's a bunch of hooey. The tax increases won't cause the world to end and the budget cuts are mere trims - $110 billion per year evenly split between defense and non-defense spending - the overall budget is somewhere in the $3 trillion range. You'll hear about the "ten year" $500 billion cuts to defense...really? Over ten years? That's nothing. Same with the non-defense side. The big hoax is that we are a nation of laws and as such this "law" can be repealed and/or worked around. It's not a Constitutional amendment - it's a law. Then, why all the nail-biting, hand wringing going on? Politics, pure and simple. The Democrats want to scare the country (and the Rep...