What the Fiscal Cliff Means for Jobs, in 1 Chart – Matthew O’Brien – The Atlantic.
One of the better articles and the best chart from the Congressional Budget Office I’ve seen concerning the fiscal cliff and the effect it will have on jobs. The most important factor to note here is the difference in jobs with the two different Bush tax cuts options. We’ve been led to believe by the GOP that the tax cuts for the alleged “job creators” (a.k.a. the wealthy but not technically job creators in the U.S.) are critical and our economy cannot move on without them. But, as the author of this article puts it, “Washington is haggling over the least stimulative part of the fiscal cliff — the Bush tax cuts for the rich” (emphasis added). Obviously, Republicans are showing they are not serious about deficit reduction as they continue to block this maneuver. The question now becomes: will the GOP cause another recession just to get their way on the most insignificant part of the fiscal cliff debate?