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6 Reasons the Fiscal Cliff is a Scam

The so-called "fiscal cliff" is a mechanism for rolling back Social Security, Medicare and Medicaid.

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James K. Galbraith is the author of The Predator State: How Conservatives Abandoned the Free Market and Why Liberals Should Too , and of a new preface to The Great Crash, 1929 , by John Kenneth Galbraith. He teaches at the University of Texas at Austin.