The Fiscal Cliff: Tax Rates, Entitlements, and the Republican Clown Show. Democratic Perspective co-hosts Mike Cosentino and Steve Williamson dissect the so-called fiscal cliff. What it is, where it got its name, and what happens if or when we go over it. As with all negotiations between Democrats and Republicans these days, the negotiations concerned with future tax revenues and expenditures are based at least in part on false premises, and as a consequence, have been predictably bitter, protracted, and crippled by an ideological catechism that — on the Republican side at least — seems to have been written for an economic universe ruled by pure fantasy. As some cynic once said, it’s hard to know whether we’re being ruled by smart people who are putting us on, or by imbeciles who really mean it.
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