Preview: Fiscal Cliffs and Fiscal Realities

December 12, 2012

When it comes to America’s economic health, all anyone seems to talk about is the “fiscal cliff,” and the perils of our inevitable plunge. But media’s favorite metaphor is distracting us from actual and crucial fiscal realities. On the next Moyers & Company, independent political and economic analysts Bruce Bartlett and Yves Smith join Bill in a discussion that’s become as rare as it is necessary — why are Washington insiders talking about the deficit crisis and not the jobs crisis?

Bartlett, former advisor to Presidents Ronald Reagan and George H. W. Bush, got into hot water with fellow conservatives when he aired concerns about the direction of their ideology and wrote critically of the second George Bush. His most recent book is The Benefit and The Burden: Tax Reform — Why We Need It, and What It Will Take. Yves Smith, who spent more than 25 years in the financial services industry, is the founder and editor of the popular blog Naked Capitalism, and runs a successful management consulting firm.

Following the conversation, Bill shares his perspective on one of the most corrupt D.C. fixtures — the revolving door between Washington leadership and lobbying. That lucrative pathway ensures that “when push comes to shove, corporate interests will have the upper hand in the close calls that determine public policy… no matter which party is in power.”

Finally on the broadcast, poet and former publishing executive James Autry joins Bill to talk about issues of art and of heart. He shares his poems with Bill and discusses his and his wife Sally’s challenging but inspiring experience raising their autistic child.

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  • Fredlinskip

    It’s time for GOP to grow up.
    Anyone who enters congressional service making any pledge to anything but to constitution and American people is clearly not a leader.
    Dems and President have already provided 1.6 trillion in spending cuts. It’s time for revenue increases if anyone is interested in paying down debt, decreasing deficit.
    The “temporary” Bush cuts for upper incomes has already cost the country trillions. There should be no bargain concerning Bush cuts for the wealthy. They end, then talks about some kind of bargaining that would include closing loopholes.
    30+ years of “feeding the rich” and deregulation have not served the vast majority of Americans well.
    If there was anything to supply- side trickle down economics we would be in economic heaven right now- We tried that- didn’t work. GOP wants to keep running the country into the same brick wall.

    Time to chart a different course