Former MTA chief and NY lieutenant governor Richard Ravitch (who’s also a donor to The City) and Volcker Alliance senior director William Glasgall join the pod to break down their warning in the Daily News about the fiscal cliffs ahead—and explain why, in spite of those cliffs and the need for constant fiscal discipline, the city remains unbowed and its future remains bright.

Plus, Katie Honan breaks down the bill to ban store sales of guinea pigs—did you know they cost hundreds of dollars each to spay and neuter, and only two veterinarians in the city perform the procedure?—and much more.