Fiscal Cliff

Economist: Fiscal Cliff 98.2 Percent Tax Hikes, 1.8 Percent Spending Reductions

Back of the envelope calculations

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I'm working on an op ed on the "fiscal cliff" and just for kicks, I decided to see just how savage these massive cuts in spending would be. Now let me confess, the results shocked even me, so by all means, somebody show me what I'm overlooking…