Wednesday 2 January 2013

The Coming Crisis: America avoids fiscal cliff disaster - but for how long?

The Coming Crisis
Welcome to Humanity's    ...Final Performance...
America avoids fiscal cliff disaster - but for how long?
Jan 2nd 2013, 17:19

So the US fiscal cliff has been avoided - or rather, postponed for a couple of months after a last-ditch deal was clinched in Washington. Global share prices have already rallied on the news that this is not to be a story of financial calamity.

But instead, there's a story to be told of what happened to a party which publicly pledged never to vote for tax rises; a leader accused of running a "dictatorship" and being more interested in his own job than the long term needs of the country, and another party whose bitter infighting meant a deal that so many found unacceptable finally got approved.

http://www.channel4.com/news/america-avoids-fiscal-cliff-disaster-but-for-how-long

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