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What was the Fiscal Cliff?

I can imagine that question on some future AP history exam.

Answer: the thing Washington D.C. was discussing in the crucial presidential term when China overtook the United States as the world's largest economy, ending almost 120 years of U.S. world economic leadership.

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About the Author

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David Frum

David Frum is a contributing editor at Newsweek and The Daily Beast and a CNN contributor. He is the author of eight books, including most recently the e-book WHY ROMNEY LOST and his first novel Patriots, published in April 2012.

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