It’s Not a Fiscal Cliff, It’s an Austerity Crisis

Washington is not known for the stunning clarity with which it frames and addresses tough issues. But has there ever been a debate so mired in confusion as the one around the so-called fiscal cliff? The trouble starts with the term “fiscal cliff,” which misstates the nature of the problem and pr…

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It’s Not a Fiscal Cliff, It’s an Austerity Crisis

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