We’re Facing a Bankruptcy Cliff

John Stossel, FOX Business
Yikes, we're headed toward a fiscal cliff! It will crush the economy! Or so the media and politicians tell us.The "cliff" is a series of tax increases and budget cuts that automatically go into effect Jan. 1 unless Congress acts.Will Congress act?It will! I see the future: The politicians will meet and fret and hold press conferences and predict disaster. Then they'll reach a deal.It will just postpone the reckoning, but they'll congratulate themselves, and the media will move on.America, however, continues to go broke."They're not going to admit that…

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