Almost as soon as President Barack Obama was re-elected, the coming fiscal cliff took center stage. Lawmakers and the Obama administration are supposed to solve the problem in a planned “lame-duck” session of Congress, which starts today.
That means we can expect to hear the words “entitlements”, “revenue”, “loopholes”, and “sequestration” a whole lot for the next couple months. What does it all mean for you, as a teacher/principal/superintendent/policy person?
via Fiscal Cliff Cheat Sheet: 10 Frequently Asked Questions.