Sam Bauman

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December 4, 2012
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Sam Bauman: 'Fiscal Cliff' is more of a slope than a crash

Seniors alarmed by all the dire warnings about a "fiscal cliff" that awaits on Jan. 1, 2013, can relax a bit. Yes, the congressional mandate of higher taxes and lower spending, largely for the military, will take effect unless Congress gets its house in order - something rare in these partisan times.

But even if they don't rewrite the law, things won't crumble at once. The taxes will go up, but over a year-long period, so the initial impact won't be as dire. And certainly with the largest military budget in the world, the Pentagon can limp along for a …

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The Nevada Appeal Updated Dec 4, 2012 02:04AM Published Dec 4, 2012 02:03AM Copyright 2012 The Nevada Appeal. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.