Bush tax cuts

December 9, 2012 - 7:41pm
One of the gargoyles on the National Cathedral in Washington, D.C.

Washington, D.C., seems to be a city that is in perpetual crisis. Now the U.S. government is in conniptions over the “fiscal cliff.” Federal Reserve chairman Ben Bernanke coined that metaphor to describe the tax increases and automatic spending cuts that kick in on January 2 unless Democrats and Republicans somehow tame the $16 trillion national debt.

 
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