Karl Denninger on hidden GDP tax and losing the deficit debate

­Romney and Obama may be gearing for a "face-off" in their first presidential debate this Wednesday, but are they both already losers in the deficit debate? And what about the hidden GDP tax? We'll hear from blogger, author and radio host Karl Denninger of the Market Ticker, for his take. Plus, what exactly is the fiscal cliff, and what does falling off it entail? And we have a manufacturing data dump out today, but some of it points in opposite directions. Our guest will help make sense of these ingredients and tell us why he thinks a US recession is already baked into the cake.

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