Congressional Republicans have yoinked their own legislation for the second straight week as John Boehner’s Plan B was apparently scuttled by recalcitrant members of the tea party. It seems clear that no reasonable deal is in the offing, so I suggest we stop trying. I can’t see how congress wouldn’t be forced to immediately enact legislation to provide relief for those in the lower and middle class as soon as its new class is sworn in. There’s no need for President Obama to yield to demands for cuts to Social Security when the program is self-funded and in good shape for years to come. Let’s ride this one out and drive home a better deal to start the new year. So sit back, relax, and enjoy the ride!
If Major Kong doesn’t grab you, maybe Thelma and Louise will help bring you around.
If you’re looking for the particulars on the fiscal cliff, here’s a nice high level overview. (All data tastes better when served up on an infographic.)