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Tuesday, January 1, 2013

Mike Klonsky's SmallTalk Blog: New Year's resolution: Ban the term, 'fiscal cliff'

Mike Klonsky's SmallTalk Blog: New Year's resolution: Ban the term, 'fiscal cliff':


New Year's resolution: Ban the term, 'fiscal cliff'

"No matter what happens, let’s agree never again to call anything a 'fiscal cliff.'' -- Gail Collins

Here's where I was at as we headed into 2012. I'm still there as we head into 2013.

Last year on New Year's eve, Obama was busy signing a $662 billion Defense Bill, while at the same time,complaining about certain provisions that supposedly regulated the "detention, interrogation, and prosecution of suspected terrorists."

The news that we intoxicated masses received last night was that we're not going over the fabricated fiscal cliff. Once again, I was not fazed. Did anyone really believe that the Pentagon was going to take a $20 billion hit while the pols played back-room beat-the-clock with the nation's economy? Once again, the "herd of rabid ferrets", as Collins calls them, saved Obama from himself (giving away Social Security) by settling for a $450,000 tax-increase floor (at least for now). The deal fails to bring in enough