Fiscal Cliff An Artificial Crisis
Michael Hudson: Fiscal cliff was manufactured to shift more of the burden of the crisis onto ordinary people
(Video)
JAY: So are we going off the cliff?
HUDSON: Well, there isn't any cliff to go off, but for people who believe that a crisis is an opportunity, in order to get the opportunity to shift the taxes more onto the middle class, they have to call it a crisis. Of course, there's no crisis at all.
JAY: Okay. Well, they say there is, 'cause they say there's going to be these automatic massive cuts to the military and there's going to be these massive cuts to ...
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