10 people who led us to the ‘fiscal cliff’
Commentary: From Laffer to Obama, they fed our greed and guilt
http://www.marketwatch.com/story/10-people-who-led-us-to-the-fiscal-cliff-2012-11-21?siteid=bigcharts&dist=bigcharts
Nov. 21, 2012, 6:00 a.m. EST
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By Rex Nutting, MarketWatch
WASHINGTON (MarketWatch) — With our political leaders locked in a fiscal
struggle that threatens to throw the economy off a so-called cliff and
into recession, you might be wondering how we got to this place.
Remember that this supposed fiscal cliff is the direct result of two
contradictory impulses in American life: Greed and guilt. Greed for low
taxes, a strong military, a strong safety net and lots of government
spending for everyone. And guilt that we weren’t paying our way.
Read “Stop calling it a ‘fiscal cliff’”
All of us (or almost all) had a role in this melodrama, either
benefiting from the spending or from the lower tax rates. Despite our
culpability, it took strong national leaders to foster the heady mix of
greed and guilt that brought us to this spot.
Here are the 10 people most responsible for bringing us to the edge of the fiscal cliff:
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