Fiscal Cliff Debate: Entitlement Reform Must Be Included

Besides revelry, this New Year will ring in $500 billion in tax hikes and $110 billion in spending cuts unless Congress and the president can come together to steer clear of the "fiscal cliff" beforehand. All the Washington handwringing is ironic, considering that Congress itself created this mess. How? By creating the sequester's ill-conceived spending cuts in the Budget Control Act of 2011 and teeing up expiration of many different tax policies (some in place for more than a decade) in...Full Story