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Katrina vanden Heuvel: Fiscal Cliff "A Manufactured Media Drama"

Katrina vanden Heuvel, The Nation: There are good ways to reduce the debt and deficit, but the largest issue, George, is that this a manufactured crisis. We don't have a short-term deficit problem, we have a jobs and growth problem and we have a faltering recovery. But we should put off the sequester, put off this grand bargain. Come back. Let the Bush tax cuts expire. Make sure the middle class doesn't have to pay --

George Stephanopoulos: So, you're saying just go over the cliff at this point?

Katrina vanden Heuvel: The cliff is a manufactured media drama. But the largest point is to say that the left or the progressives are the ones who are supporting the great reforms of this president at a time when the richest are paying their lowest effective tax rate.

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