Have you stocked up on extra food and water? Have a flashlight and plenty of spare batteries? The Fiscal Cliff is nigh, and much of Washington is fearfully counting down the days.
With all the hype, and the Wile E. Coyote-evoking image of the cliff, it’s hard to remember that the potential year-end hit to the economy is not an act of nature or something forced on the United States by cruel outsiders. The Fiscal Cliff is instead a crisis manufactured by a divided Congress that doesn’t trust itself to do the right thing in the absence of a crisis.