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January 5, 2013
The near breach of the debt ceiling in 2011, in august 2011, was the most damaging to the economy. and the fiscal cliff was by far, the dumbest. but in each case, congress mainlined fear and uncertainty into a weak economy, already plagued by too much of both. in that way, the 112th ended exactly as it began. by creating a mess it could not clean up. the resolution such as it is, of the fiscal cliff, just sets up another fight in the weeks and months ahead over the debt ceiling, and over sequest...
January 5, 2013
Create yet another hair trigger contraption that they would again, fail to evade. the near breach of the debt ceiling in 2011, in august 2011, was the most damaging to the economy. and the fiscal cliff was by far, the dumbest. but in each case, congress mainlined fear and uncertainty into a weak economy, already plagued by too much of both. in that way, the 112th ended exactly as it began. by creating a mess it could not clean up. the resolution such as it is, of the fiscal cliff, just sets up a...