Seven Things You Should Know About the Wackiest “Fiscal Crisis” Yet

By Joshua Holland, Moyers & Company | Op-Ed 

Sometime in the next week, Congress will either get it together to pass a new budget resolution or the government will shut down (all but essential services). Two weeks after that, the federal government will reach its debt limit. If it is not raised, nobody really knows what will happen. The only sure thing is that it would roil the financial markets and cause some damage to the global economy.

So, we have another fiscal cliff. This contrived crisis is even more irrational than those of the past few years because Republicans in Congress have not only taken a hostage that they can’t shoot, but are demanding that Democrats ditch their signature achievement of the Obama presidency: the Affordable Care Act.