Spend, Cut And Borrow---How The GOP Is Heading For Fiscal Calamity, Part 2

Yesterday we explained how the GOP is leading Washington straight toward a monster Fiscal Calamity. That will occur no later than the middle of the next decade when the "sunset" gimmick in the tax bill hits American households with a drastic tax increase and the inexorable arithmetic of a business cycle recession takes its deadly fiscal toll.

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