doug director douglas holtz-eain. these are dramatic, -- i can't- say it any other way. this is scary stuff. to even think that anyone would make a move, a policy decision that would lead to any one oft these consequences.equ it seems like sheer madness. >> it is the legacy of not doini business in the past. now we have congress at the endn of the year, and this is a big hit. $400 billion of tax increases, $200 billion of spending cuts. $600 billion total. that is 4% of gdp at a time wheo we are only pgrowing at 2% at best. be you don't have to be an the noti economist toon figure out thaths this is a bad idea.sh the notion that this should be u political lever tot get one pary to do something is really glaying with americans jobs.plan it is hard to defend that as an act of fairness.u: as you lou: as you may have noted, i have taken to calling it demageddon instead ofcomftable n taxmageddon. ree democrats are quite comfortable sending us into recession,se creating theseuseto consequences if republicans refuse to raise taxes ons an w wealthy.iscussio this is preposterous