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Following ideology off a cliff

Richard S. Grossman

Saturday, Jan. 12, 2013 | 2:01 a.m.

We have gone over the “fiscal cliff.” The politicians jury-rigged a last-minute, temporary deal, but let’s face it — we went over. The chattering classes are discussing the next big fiscal deadline in February, which is when the government hits the debt ceiling and the politicians again walk us up to the edge of a cliff — and maybe over it into a government shutdown or default. But before focusing on the next act of this needlessly costly exercise, we should figure out how we got into this mess. Democrats and Republicans will blame each other, but the answer is ...

Richard S. Grossman is a professor of economics at Wesleyan University and a visiting scholar at the Institute for Quantitative Social Science, Harvard University. He wrote this for The Hartford Courant.

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By CarmineD (Carmine DiFazio)

Jan. 12, 2013

5:28 a.m.

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Good article Professor. It should be mandatory reading for the gang of 535. And the President and all his Department heads, staff and advisors. Although I doubt that the majority of them, President Obama included, would comprehend and if they did would choose to act on it.

CarmineD