Sunday, September 9, 2012
He was a class act. Still is, particularly compared to his successor.
On August 7 of this year, Congress passed and the President signed the “Sequester Transparency Act.” The “sequester” in the title refers to the automatic reductions in government spending that will occur if Congress fails to increase our ability to borrow more than $16.4 trillion, a ceiling we’re expected to reach in January. That’s January 2013, to be precise, just a few months from now. That moment defines the edge of the “fiscal cliff” we call keep hearing about.