Republican Sen. Saxby Chambliss told the Washington Post on Thursday that there could be “riots in the streets” if Congress doesn’t deal with the looming “fiscal cliff” in the right way:
SK: But what if Congress simply deals with the short-term effect of the fiscal cliff, putting off spending cuts and extending some if not all of the tax cuts? They could avoid the fiscal cliff without touching the long-term structural deficit.
SC: We have a tendency as a body to just push things down the road. We can’t do that any longer. I was watching the news this morning and looking at Greece. That’s exactly where we’re headed. There are riots in the streets. It’s either going to be done by us, using this opportunity we have now, or the people we sell our bonds to are going to [respond]. You could see riots in the streets of the United States if we don’t do this right. We have the opportunity right now, and it’s imperative that we do, primarily through a $4-5 trillion package over 10 years.
