As Thrill noted, the so-called fiscal cliff was semi-averted last night. I didn’t pay too close attention to the debate since the basics of the deal had been hashed out days before. All we had last night was political theater. It’s true that 2/3 of the Republican House voted against it. But they allowed it to come to a vote and most voted after they were sure it would pass as an ass-covering maneuver. I’m … Read more
Tag Archive: Bush tax cuts
Starving the Budget
With the fiscal cliff looming, Republicans are indicating some flexibility on taxes, at least for the higher income brackets. Naturally, this is generating some opposition:
To start with, Kristol misunderstands the opponents of the tax increases on the rich, whose main goal is not to ensure that the rich get to keep more of their money. Their main goal is to prevent the federal government from obtaining a new source of revenue. Why might that
Administration Expectations
I’m more interested in what happens after Inauguration Day than what happens on Election Day. As much as I want Obama out of office, I wonder how much it would really matter if he loses. My own sense is that his election is all about who is going to be holding the bag of shit when it finally breaks.
As I’ve said in another thread, I think Romney is going to win on Tuesday (assuming … Read more