America’s Superpower Status Goes Over The Fiscal Cliff
By Mackenzie Eaglen
December 28, 2012
As our 2013 forecast series continues, American Enterprise Institute scholar and frequent AOL Defense contributor MacKenzie Eaglen takes a grim look at the strategic consequences of the fiscal cliff. (Click here for the full series of forecasts so far).
The nation is heading over the fiscal cliff, an economic triple threat — tax hikes, spending cuts, and, soon thereafter, the debt limit — that has been forecasted by government agencies to throw us back into recession. Fix that, and government funding may still run out in March when the current continuing resolution expires, since Congress never got around to passing the 2013 appropriations bills. Tasked with solving these successive crises is the same President and, with modest changes, the same status quo Congress that failed to fix them last year. It’s exhausting, living constantly on the edge.