income distribution than the 2001 and 2003 tax cuts. as for the fears that going off the cliff on new year s eve would result in economic disaster, the former budget director explained as we have on this program, that there is a big difference between going off the cliff and staying off the cliff. is that going to be enough to avoid a recession in 2013? even the concongressional budget office is saying we will see it because it s not being addressed. what they re saying is if you go over the clif and stay there, that is such a fiscal constraint that that will cause a rescissirecessio recession. joining me now the former labor secretary and the author of the book beyond outrage and the political correspondent for guardian u.s. bob reich, it s conservative
off the cliff on new year s eve would result in economic disaster, the former budget director explained as we have on this program, that there is a big difference between going off the cliff and staying off the cliff. is that going to be enough to avoid a recession in 2013? even the concongressional budget office is saying we will see it because it s not being addressed. what they re saying is if you go over the clif and stay there, that is such a fiscal constraint that that will cause a rescission recession recession. joining me now the former labor secretary and the author of the book beyond outrage and the political correspondent for guardian u.s. bob reich, it s conservative careful people yeah we re just going to have to go off the cliff. yes, we are going to have to go off the cliff.