The biggest blunders of 2012.
Really, Congress? Seriously, Mr. President?
You agree to big, blunt spending cuts that you know are a bad idea. You schedule them to take effect just when $400 billion in tax increases will kick in too.
And for what? Deficit reduction that even deficit hawks don't like.
Left in place, your man-made "fiscal cliff" would spark a recession, then cut deficits sharply but never address the real drivers of long-term debt.
You've had all year to figure out what to do about it. But you chose to wait until the very last minute to cut a deal.
Hope it's a good one. -- Jeanne Sahadi
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