Beyonce, Harry Potter And Superman Explain The Fiscal Cliff

5:38 pm
Mon December 17, 2012

Beyonce, Harry Potter And Superman Explain The Fiscal Cliff

Lead in text: 
Are you having trouble distinguishing between the fiscal cliff and Oak Cliff? Here's a handy guide, complete with charts and superstar GIFs, to how we got from surplus to cliffside, courtesy of the Washington Post's Wonkblog.
Once upon a time, there was a budget surplus. A big budget surplus, in fact. In July 2000, the Congressional Budget Office estimated that if discretionary spending kept growing at the rate of inflation, the next 10 years would see a combined surplus of about $2.8 trillion.