A summary of where the mess currently stands
Plenty of forces are aligned against a deal right now. . . . [read on]
Republicans have no political incentive to make deal with Obama
[Chris Cillizza] The fiscal cliff cometh.
And, whether or not the House and Senate — with an assist from the
White House — figure out some sort of stop-gap(ish) way to avert going
over the edge, one lesson is already crystal clear: Congress has failed. . . [read on]
[John Avlon] The fiscal cliff is, of course, the world’s most predictable crisis.
Congress set this time bomb themselves—and now they can’t agree on how
to defuse it, despite more than a year of debate and a presidential
election largely centered on the subject. . . .
This congressional Kabuki is killing us, because it masks a more
fundamental problem. Congress seems unable to act unless confronted with
a crisis at the last minute—and even then, they can’t agree on anything
significant or substantive that actually deals with long-term problems.
Maybe they should just stay on vacation and spare us the rhetoric. But
as the clock ticks to New Year’s, they should have a guilty conscience
that might inspire a genuine resolution to reform. Because they created
this crisis and now seem unable to fix it. We’re the ones who will feel
the pain. It is an epic act of self-sabotage. [read on]
Why did McConnell throw the "chained-CPI" monkey wrench into the deal, when even his own members didn't want that issue brought up in the context of this negotiation?
This Isn't a Normal Negotiation
More: http://www.rollcall.com/news/chained_cpi_gone_for_now_but_likely_to_rear_up_again-220421-1.html
Sen. Lindsey Graham
of South Carolina said he counted 80 senators who were ready to vote
for a plan that did not include chained CPI. Republican Sens. Bob Corker of Tennessee, John McCain of Arizona, Olympia J. Snowe of Maine and others also said it did not need to be in the fiscal cliff deal. . . .
No, not a normal negotiation. Having introduced the Social Security issue into this debate, the GOPers also don't want to be blamed for it
You can see why these negotiations aren’t going well.
A good question
http://nymag.com/daily/intelligencer/2012/12/why-is-obama-caving-on-taxes.html
Why Is Obama Caving On Taxes?
Estate tax? The GOPers are going to blow up the deal over the ESTATE TAX??!!
President Obama has Republicans dead to rights on this. "They say that their biggest priority is making sure that we deal with the deficit in a serious way," he said on Meet the Press this morning, "but the way they're behaving is that their only priority is making sure that tax breaks for the wealthiest Americans are protected. That seems to be their only overriding, unifying theme." Quite so.
What happens if/when we go over the "cliff"?
We hear a lot about how "small businesses" are taxed at the individual rate, and how "small businesses" create the most jobs. But what counts as a "small business"?
First, small businesses destroy almost as many jobs as they
create. Second, only about 3 percent of small-business owners
fall into the upper-income tax brackets that would increase if,
as Obama has proposed, the Bush tax cuts are allowed to expire.
And third, many businesses counted as small aren’t engaged in
traditional small-business activity. Instead, they are partners
in hedge funds, law firms and private-equity shops, or they are
highly paid actors, athletes, speakers and authors. . . .
[A] lot of that supposedly “small”-business income is really from giant firms bringing in over $50 million a year. . . .
Who created the national debt?
Let's see the Fox News liars try to turn this into another conspiracy theory over why Clinton is afraid to testify before Congress
Secretary of State Hillary Rodham Clinton
was hospitalized on Sunday with a blood clot stemming from a concussion
she suffered earlier this month, a State Department spokesman said. . . .
http://www.samefacts.com/2012/12/watching-conservatives/clintons-clot-krauthammers-shame
In case you missed the Sunday talk shows
http://www.huffingtonpost.com/2012/12/30/sunday-morning-liveblog_n_2384404.html
In case you missed the Sunday talk shows
http://www.huffingtonpost.com/2012/12/30/sunday-morning-liveblog_n_2384404.html
Bonus item: The best and worst 2012 moments of political theater
Visit NBCNews.com for breaking news, world news, and news about the economy
[NB: What? No Clint Eastwood?
http://www.nydailynews.com/news/politics/clint-eastwood-unleashes-bizarre-speech-rnc-engaging-absent-obama-mock-debate-article-1.1148562]
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