The current "fiscal cliff" meme is totally bogus. Smart folks like Barry Ritholtz and others
are finally calling out CNBC for manufacturing this nonsense.
I found the following YouTube video that describes the long term financial issues facing our nation. In a reasoned, well thought out, professionally produced, and clear way it cuts through all the CNBC and Republican spoor on this topic:
Econ Crisis 12 - Deficits and the Debt
I'd like to learn more about the authors of this video. Does anyone know the source of it?