Without further congressional action, on March 1 the sequester will take effect and will impose drastic across-the-board federal spending cuts that are meant to be evenly divided over a nine-year period and bring in a projected $1.2 trillion. These austerity-like cuts will decrease tax revenue and increase spending on benefits programs, like unemployment, further causing…

President Barack Obama’s election victory was met almost immediately by a panic over the economy pulling a Wile E. Coyote and running off then edge of the cliff, realizing there is nothing beneath it and then subsequently hurtling downwards into oblivion. The “fiscal cliff” is a term that has been used to describe a bundle…