A former US Assistant Treasurer says the US Fiscal cliff is mainly hoax and that it amounts to a mere one tenth of the growth of the US public Debt per year. In the background of this, the fiscal cliff deadline looms with politicians unable to strike a deal on a package to prevent a 'potential crisis that could send the US back into recession' according to American media. An agreement by Congress before the deadline has been urged by US President Obama. The fiscal cliff concerns whether it is necessary to implement tax hikes on middle class families combined with cuts in government spending.
Press TV has interviewed Mr. Paul Craig Roberts, former Assistant Secretary of US Treasury, Atlanta about this issue.