About that Fiscal Cliff

The across-the-board cut, or "sequestration," was designed to be so distasteful that Congress would be moved to cut more deliberately. If it doesn’t act, $110 billion in projected spending will be automatically cut—half from domestic spending, half from the Pentagon.

"They assume that they made it so bad that they wouldn’t accept it, but I don’t think they did," said Paul. "They’re not even…talking about real cuts. They’re talking about cuts in baseline budgeting."

via Reason.com.