The Austerity Trap

14 November 2012

Rather than the fiscal cliff, it seems to me that it’s a trap or land mine the dems and repubs have laid down for themselves. Both think the other side will blink, but only one has the political capital. Who will blink? Probably us as we get our eyes poked out by our leaders.

The Austerity Bomb – NYTimes.com.

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