With the election over, the media is now focused upon what they perceive as the next most news-worthy event, the fiscal cliff, that looming financial crisis alleged to destroy the U.S. economy and the American way of life . . . at least that’s the way it’s often presented. The truth about the fiscal cliff is that it’s only one symptom of a much larger problem; and that problem is debt.
And even though the press continues to ballyhoo the fiscal cliff, most Americans go about their lives unaware of just what such a cliff entails. After all, when you have great TV like, “Doomsday Preppers,” “Dancing with the Stars,” and “Punkin Chunkin,” who has time to try to understand vague economic concepts. The recent election perfectly demonstrated that Americans have little time for participating in the trivialities of governance.
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