"It's Just a Matter of Math."ST
The fiscal cliff is dominating the news and the markets at the moment, and it's anyone's guess whether DC will have a solution in place by the end of the year (I'm not particularly optimistic). Bloomberg sat down with the President yesterday to discuss the issue, and I have to say he sounded pretty reasonable. When pressed on the cuts vs. increased taxes issue he responded, "It's not me. It's just a matter of math." TheKing and I are going to be doing a week's worth of posts on the fiscal cliff starting next Monday, but this interview is as good a way to kick off Fiscal Cliff Week as any. I'm no fan of Obama, but I defy you to make the case that this doesn't make sense.