I’m not sure if Mark Mardell and Jonny Dymond spotted the four horsemen of the apocalypse over Washington but the tone and content of their Fiscal Cliff has certainly been full of doom and gloom and worst of all, in my opinion, wilful exaggeration.
Mardell in particular has been to the fore in alleging that IF a deal was not to be done by Jan 1st then massive tax hikes will descend upon the American people. Not so. US Tax returns do not even have to be until end of February, as I recall, and it would take some time for the necessary tax adjustments to be made assuming nothing was to happen politically in the intervening months. It could well be seen that Mardell was simply hyping the whole issue and painting Obama and the Dems as voices of calm responsibility seeking to do a deal whilst the bad recalcitrant GOP refuse to pay ball. No mention from Mardell of the $16 TRILLION debt bomb that Obama has racked up, or the $87 TRILLION in unfunded liabilities. Instead plenty of hype about the £1.2trn cut in Goverenment spending OVER ten years. Shouldn’t the BBC provide the FULL fiscal picture rather than a skewed version seen through an Obama prism?