|President Obama and House Speaker John Boehner. (photo: Saul Loeb/AFP/Getty Images)|
Kill the 'Fiscal Cliff' Instead of the Economy
veryone now agrees that the so-called "fiscal cliff" is a stupid policy that threatens our economy and our people. Everyone agrees why the "fiscal cliff" is stupid -- it inflicts austerity at a time when it is likely to throw the nation into a gratuitous recession. Causing a recession leads to increased unemployment and a larger budget deficit. We have all seen austerity force the Eurozone into a gratuitous recession in which Italy, Spain and Greece have Great Depression levels of unemployment.