Looking Over the Edge of the Fiscal Cliff
To the Point
KCRW
4.4 • 583 Ratings
🗓️ 12 November 2012
⏱️ 51 minutes
🧾️ Download transcript
Summary
With Washington still divided in the aftermath of last week’s election, can the President and Congress keep the nation away from the so-called fiscal cliff? We’ll hear about the prospects for compromise to avoid another recession.
Transcript
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| 0:00.0 | From KCRW in Santa Monica and PRI, Public Radio International, this is To the Point. |
| 0:08.0 | The Fiscal Cliff and the Petraeus resignation. |
| 0:15.4 | Hello again, I'm Arminowling, and this is To the Poet from Public Radio International. |
| 0:19.2 | A daily look at the issues Americans care about most. The fiscal cliff means all income taxpayers are in for an increase and most government |
| 0:26.6 | programs are in for massive reductions by the first of next year. What if the re-elected president |
| 0:32.5 | and the lame duck Congress can't make a deal? Would Goodlock necessarily lead to another recession? We'll look at the |
| 0:38.8 | financial picture and ask which players have the most to gain or lose in the aftermath of last |
| 0:43.9 | week's election. Later on, did the Petraeus Affair compromised national security and the decline |
| 0:49.9 | of accountability in the U.S. Army's top brass. When battles are lost, shouldn't generals be fired? |
| 0:56.5 | First, here's the news. |
| 1:00.9 | Support for To the Point comes from the members of KCRW |
| 1:04.5 | and from the Public Radio International Program Fund. |
| 1:07.7 | Hello again, Warren and I'll name back with To the Point. |
| 1:09.8 | With Washington still divided |
| 1:11.0 | in the aftermath of last week's election, can the President and Congress keep the nation away |
| 1:15.5 | from a so-called fiscal cliff? We'll hear about the prospect for compromise to avoid another |
| 1:20.6 | recession. In the second part of our program, the resignation of CIA Director David Petraeus |
| 1:25.9 | and Tom Rick's new book on how Army generals escape |
| 1:29.1 | blame for their failures. First, this news update, the Gulf Cooperation Council said today |
| 1:34.8 | its six member states will recognize the newly formed national coalition of the Syrian opposition |
| 1:39.8 | as the legitimate representative of the Syrian people. Meantime, Israeli tanks made a direct hit |
| 1:46.4 | on Syrian military targets in response to mortar fire that has fallen near an army post in the |
... |
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