After the Elections

Here are the facts: Barack Obama captured more than 50% of the votes and crushed Mitt Romney in the electoral college by 332 to 206 seats.

Democrats, predicted to lose seats in the Senate, actually picked up two and headed into the 113th Congress with a 55-45 plurality (because two Independents plan to caucus with the Democrats). Republicans lost some seats in the House but retain a solid majority of 234 to 200.

The Nov. 6 general elections are over, thank goodness. And now we’re entering an era of fiscal cliffs and federal belt tightening. But if you think the country’s deepening debt is all you have to concern yourselves with, think again.