More than anything else, they’re trying to create the sense of desperation and emergency (think Shock Doctrine).
Everyone in Washington is talking breathlessly about the so-called “fiscal cliff,” and a lot of this talk concerns the expiration of the tax cuts first enacted under President George W. Bush. What is the fiscal cliff, and why is it generating so much hysteria? We explain it below but (spoiler alert) we’ll tell you now, you’d rather drive off the fiscal cliff than see the President accept the deal the anti-tax crowd in Washington is offering. Here’s why.