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Just the Facts, Ma’am – Fiscal Cliff Edition:
This was the famous, at least to those of us who were alive then,
admonition offered by the fictional LA detective, Sergeant Joe
Friday, to witnesses who would engage in too much speculation about
a crime. Well, I generally give you a lot of my opinion. Every once
in a while, though, I give you just the unvarnished facts so that
you can draw your own conclusions.
You have probably heard the term “Fiscal Cliff” enough times to
make you sick. But, do you really know everything it entails?
Below, you will find a comprehensive list of every law that will
expire at the end of this year, as well as the result of our
returning to whatever the law was before. The accumulation of all
of these things has been dubbed collectively by the media as the
• Unemployment compensation will revert from a 73 week maximum
to a 26 week maximum. This takes it back to the duration that
existed in 2008 and prior. This will reduce spending by
approximately $30 billion over 10 years.
• For the past 2 years, there has been a “payroll tax holiday”.
For this… Read More