Greenstein on the “Fiscal Cliff”
Posted by: CBPP
Posted in: 2001/2003 Tax Cuts, Congressional Action, Deficits and Projections, Federal Budget, Federal Tax, Individuals and Families, President's Budget, Process, Recession and Recovery, Taxes and the Economy, Unemployment
Chad Stone yesterday highlighted Senator Patty Murray’s (D-WA) recent speech at a Brookings forum explaining why policymakers shouldn’t let misguided fears about the so-called “fiscal cliff” panic them into making unsound fiscal decisions.
In the brief clip below, Robert Greenstein, a panelist at the forum, discusses how the debate over the tax and spending changes scheduled for next January may affect prospects for, and the timing of, an agreement on a balanced approach to long-term deficits.