12/06/2012 08:35 am ET

Simon Johnson: Here Are The 3 Actual Risks That We Face

A great deal of attention is currently focused on the notion that a “fiscal cliff” of higher taxes and spending cuts awaits at the end of this year. The good news is that politicians are finally talking about the budget – and working hard to communicate their competing messages regarding what should be done to put public finance on a more sustainable footing.

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