The Fiscal Cliff and America's Coming Recession
This column by ACRU General Counsel and Senior Fellow for the Carleson Center for Public Policy (CCPP) Peter Ferrara was published November 9, 2012 on Forbes.com.
Since the end of World War II two thirds of a century ago, federal spending has been stable at around 20% of GDP. America prospered to become the mightiest economic power in the history of the world with the federal government limited to that level of spending.
But President Obama is certain he has a better idea. He wants higher taxes and higher federal spending. Only with that can he “spread the wealth around.” He […]

