Latest Development?

I haven’t been able to follow the fiscal cliff developments closely, but I take it they are close to a deal that nobody likes. The House may or may not pass it tomorrow.

Happy New Year.

2 thoughts on “Latest Development?

  1. Oh boy, by resetting where the Bush tax cuts expire, from $200/250 thousand, single/married, to $400/450, that sure leaves a lot of revenue out there, uncollected. Over $200 Billion, if I understand this correctly.
    And how much of the remaining deficit will now have to eventually be paid for by the poor and middle class?
    When you see the handful of Democrats, and Bernie Sanders (I), who voted no, you get worried. But, when you see that the Republican list of Senators who voted no, includes John Barrasso, Mike Lee, and Rand Pual, you start to feel better about this bill.

    Also too – I don’t like putting off sequestration until just about the time that the Republicans in the new Congress will see if they can [email protected]$$hole the 112th’s, in the upcoming “Great Frothing-at-the-mouth Epic Debt-Ceilling Hissy-fit!”

    We’ll see if the Republicans in the House feel enough like Wile E. Coyote, looking down at the valley below his coyote toes, after having run off the cliff, and try to scrammble back, by agreeing to the Senate’s bill.

    My suspicion is that we’re in for another couple of years of brutally stupid deadlocks – beginning with the Debt-Ceiling.

  2. Ooops!
    How very rude of me, for not wishing everyone a HAPPY NEW YEAR!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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