Advice to the GOP: Fold

Advice to the GOP: Fold First off, it’s not a “fiscal cliff.” What we’re slated to hit as of New Year’s Day, as the Wall Street Journal notes, is a tax cliff. Our fiscal cliff, which drops off into a far deeper canyon, is what looms because of our $16,000,000,000,000 debt and the runaway entitlement spending that fuels it — Medicare, Medicaid, (and now) Obamacare. In truth, the debt deal passed in the summer of 2011 — which the press now says we must scrap if we are to avoid the “fiscal cliff” — was designed to postpone our going over the (actual) fiscal cliff.