It’s back! Just when you thought you might never hear the words “fiscal cliff” again, the sequel to this horror movie is about to be released. Look for it in your local theater, radio, TV and website—non-stop, 24/7—beginning sometime in February.
Yes, those irrepressible Republicans in Congress have cooked up yet another manufactured crisis and are once again holding the U.S. economy hostage. This time they are threatening to cause a U.S. government default unless they get their way. You know—the same stunt they pulled last summer. And what are congressional Republicans demanding as ransom to spare the economy? The same things they were demanding last time we went through this ordeal: benefit cuts to Social Security, Medicaid and Medicare.