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View Diary: Harry Reid rips John Boehner for skipping town as tax hikes loom (117 comments)

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  •  It's not going to get the country back to surplus. (1+ / 0-)
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    Just Bob

    The cliff is very real to some people. Look upthread for those losing unemploment-compensation extension.

    That said, what you get from austerity in a recession -- or a not-yet-recovered economoy like this one -- is that the money that the government doesn't put out in expenditures cuts the economy lower until the loss in government revenue matches the loss in government expenditures.

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