As the “fiscal cliff” lurches back into the public consciousness, the political class engages in its usual disingenuous portrayal of what is actually an easily solved problem.

Democrats will say that the problem is Republicans’ refusal to go along with a reasonable tax increase on the “wealthy”, which the Democrats define as “anyone not living in a car”.

The Republicans will say that the problem is Democrats refusal to cut “entitlements”, which Republicans define as “any program whose primary beneficiaries are not defense contractors, agribusiness conglomerates, or Goldman Sachs executives”. More »