The only way the real fiscal cliff can be addressed is for everyone in Washington, D.C., to stop talking about the fake one. Here’s the reality: The bomb is about to explode in the hands of its own maker. There is no disaster looming, only one created by the same Congress and the same president who are now voicing dire warnings about sequestration. The coming demise of federal programs is a manufactured problem, designed to meet the partisan needs of each side of the current debate.
Congress and the White House assert that $1.2 trillion must be cut from the federal budget over the next 10 years. This multiyear effort commences on Jan. 1, 2013, with $50 billion in cuts from the Defense Department and $70 billion from discretionary domestic programs. Everyone in Washington, D.C., including the pundits, has been creating increasingly apocalyptic visions of what will happen should these cuts occur.
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