The media is working itself into yet another frenzy, this time about the so-called “fiscal cliff” clock that’s ticking away. They must need another ratings boost now that the Big Election Week has come and gone.
So it’s all Fiscal Cliff all the time. If no tax deal is made by the January deadline, we’re all gonna die! We’ll have another Great Depression! We’ll all go bald and break out in welts and never eat pie again! Help meeeee!
But no. That won’t happen. Okay, some of us will go bald at some point, but we won’t die and there may be a temporary dip unless Congress does nothing, which won’t happen. They’ll snap to attention and legislate retroactively. No one other than the top 2% will have their taxes go up.
As Chris Hayes points out, Ben Bernanke coined the phrase “fiscal cliff” to “kick Congress’s butt to do something stimulative, and you CAN go off it. It’s a little driveway!”
A slope. A curb. A little driveway. A situation that, should it occur, would be immediately rectified. ‘Nuff said.
Well, except saying that the GOP has “no vision for the future.”