spin cycle: the fiscal cliff

Welcome back to Spin Cycle, where we do our best to keep people in the news from filling our heads with garbage.

Last time on Spin Cycle, we talked about the difference between misspeaking and saying what you actually believe but then wishing you hadn’t because now everyone knows. Today we’re going to step up to the “fiscal cliff” and throw a few rocks over the edge.

So look, some U.S. tax laws are about to expire. People will have to pay different amounts of taxes than they are paying right now. A lot of professional opinion-havers are calling the consequences of this change “the fiscal cliff.”

“Fiscal” means “money-related,” and a cliff is a very dangerous place. If you fall off, there’s nothing anyone can do to save you. You die.

You don’t have to know a lot about fiscal policy to see that there’s something fishy about this fiscal cliff. All you have to do is ask a few questions. A good place to start is, “Jesus, is it really that bad? The entire U.S. economy will hurl itself over a cliff if we go back to paying the same taxes we paid a few years ago? We will die?”

Behind every scary metaphor, there is a person who wants you to do something. Sometimes he’s looking out for you, and sometimes the only person he cares about is himself.