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The Fiscal Cliff

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There is a smart way to solve the #fiscalcliff that even Tea Party can support. Repeal the Budget Control Act of 2011. #StupidLegislation
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Stephanie Kelton
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Evan Bayh Audio on Bloomberg Surveillance: "The President's been reelected, he can stand up to his base a little more." [and more pronouncements on 'the Fiscal Cliff']

Here's an audio clip with a transcript of the most salient points from the Bloomberg TV program, Surveillance,with Host Tom Keene, that describes what the "framework" of a Grand Bargain (struck in the Lame Duck Session) will look like.

The "interviewee" is former Indiana Senator, Evan Bayh. He is one of the founders of the "centrist" organization "No Labels."

http://media.bloomberg.com/bb/avfile/New...

Please see the transcript below, for the most salient points. Read below the fold...

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