Acclaimed author, Berkeley professor, and Clinton-era Secretary of Labor Robert Reich lays out the what, why and how of the Fiscal "Cliff", the showdown in Congress that Republicans created to demand painful cuts in vital domestic programs in exchange for raising taxes on the top 2%. Learn the facts, and the best way out of this forced showdown.
Jobs come first. Prosperity, not austerity. Makes sense to me.
Oh, and it's a fiscal crossroads, not a cliff. At worst, it's a slope or a curb... or a hiccup. This is a self-created "crisis" that the GOP is trying to use in order to cut programs that are there for the health and welfare of American citizens who need assistance in order to, you know, live.
The first thing to know about the so-called "fiscal cliff" is that it's not a cliff—it's a choice. It's a choice between making the 1% richer at the expense of everyone else, or lifting up 100% of Americans. It's a choice between American prosperity and European austerity.
In this sharp new video, former Labor Secretary Robert Reich breaks down the fiscal choice in 2 minutes and 30 seconds—with pictures too. And he gives Democrats the inside scoop on how to fight and win this fiscal showdown for the middle class.