- It’s Not a “Fiscal Cliff” … It’s the Descent Into Lawlessness (Washington’s Blog, Dec 22, 2012):
It’s Not a Tax or Spending Problem … It’s a Devolution Into Lawlessness
The “fiscal cliff” is a myth.
Instead, what we are facing is a descent into lawlessness.
In many situations, austerity programs are imposed on countries that were previously under dictatorial regimes, leading to criticism that populations are forced to repay the debts of their oppressors.
Indeed, the IMF has already performed a complete audit of the whole US financial system, something which they have only previously done to broke third world nations.