Congress and the fiscal cliff.

Oct 9, 2012 Full story: www.newyorker.com
Cliffhangers

In recent years, more and more Americans have adopted a new strategy in the quest to rid themselves of bad habits: an approach called pre-commitment. The idea is simple: you set a specific goal , and then commit to paying a penalty if you fail.

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Robert

Douglasville, GA

#1 Oct 9, 2012
So the question is what is worse failing now and paying for it with the pre-commitment penalities or failing later and paying the cost of not getting the budget under control.

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