Government spending is at historical low levels despite hysterical insistence to the contrary
Last week Congress struck a deal on the fiscal cliff deal that staved off tax increases to the still-struggling middle class. It wasn’t exactly the deal most Democrats expected, but it did at least temporarily solve a self-inflicted crisis. But the fight over the fiscal cliff tax rates was only the beginning of the battle for America’s fiscal soul, and the lines are already being drawn via Republican puffery on the debt ceiling and the sequestration cuts that were put off for two months. The arguments on the Republican side are getting more and more ridiculous, and sounding more and more desperate.