FACT: THE SO-CALLED "FISCAL CLIFF" IS THE COMPROMISE

OBAMA BALKED AT SIMPSON-BOWLES. HE SHOULD HAVE FOUGHT FOR IT AT LEAST AS HARD AS HE FOUGHT FOR OBAMACARE, BUT HE DIDN'T.

AND, THE LAST ELECTION DIDN'T REALLY DEAL WITH THE ISSUE AS MUCH AS IT SHOULD HAVE.

LAST YEAR, OBAMA, REID AND BOEHNER MADE AN AWFUL DEBT-CEILING COMPROMISE, AND -  BARRING A MIRACLE, WE WILL ALL HAVE TO LIVE WITH ITS AWFUL CONSEQUENCES.

REPEAT: THAT WAS THE COMPROMISE - ONE OBAMA AND REID AND THE ANTI-MILITARY SPENDING PINKO DOVES ACTUALLY LIKE.

OBAMA, REID AND THE LEFT ACTUALLY LIKE THAT COMPROMISE, AND THAT'S WHY THEY FEEL LIKE THEY DON'T HAVE TO COME UP WITH ANOTHER ONE.

IF WE "GO OFF THE CLIFF" - AND IF RETAIL NUMBERS FOR CHRISTMAS TURN OUT TO BE AS BAD AS I'VE HEARD THEY ARE, AND IF CATALONIA SECEDES, THEN WE WILL HAVE A GLOBAL ECONOMIC COLLAPSE THAT WILL MAKE 2008 LOOK LIKE A MINOR BLIP.

THE SAD THING IS THAT THIS CALAMITY IS ENTIRELY AVOIDABLE.

IT'S NOT LIKE A TSUNAMI OR EARTHQUAKE OR HURRICANE. OR A PLAGUE.

IT'S AN ENTIRELY AVOIDABLE MESS - ONE OBAMA BROUGHT UPON US BY FOISTING THE ILL-CONCEIVED AND CORRUPT PORKULUS UPON US - AND BY DELIBERATELY FAILING TO PASS A BUDGET SINCE THEN SO THE TRILLION BUCKS OF WASTEFUL BOONDOGGLES COULD BE CONTINUED VIA "CONTINUING RESOLUTIONS".

AS A RESULT, OBAMA HAD INCREASED OUR PROJECTED DEBT BY 10x.

YES: BY TEN TIMES.

AND THE CLIFF DOES NOTHING TO SOLVE THIS TIME BOMB.

NOTHING.

OBAMA IS WORSE THAN A MISERABLE FAILURE.

HE IS A COLOSSAL FAILURE.