Robert Reich explains the Fiscal Cliff in 150 seconds

From YT: Acclaimed author, Berkeley professor, and Clinton-era Secretary of Labor Robert Reich lays out the what, why and how of the Fiscal "Cliff", the showdown in Congress that Republicans created to demand painful cuts in vital domestic programs in exchange for raising taxes on the top 2%. Learn the facts, and the best way out of this forced showdown.


For your convenience, here are his 8 Principles to Understand the Fiscal Cliff

1. Hold Your Ground
2. No Deal is Better Than a Bad Deal
3. Tax Cuts For the Middle Class
4. Higher Tax Rates For Wealthy
5. Don't Cut Safety Nets
6. Don't Cut Investments in Prosperity
7. Cut Military & Corporate Welfare
8. Jobs First

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