It seems we have a (disgraceful) fiscal cliff deal. Some highlights:
$1 in Cuts For Every $41 in Taxes
CBO Says Deal Adds $4 Trillion to Debt
Taxes Rise for 77% if Households
Tax Increase Biggest in Decades
Our Rome is in flames, and Congress and the President are warming up the fiddles. This is a catastrophe, True Believers; nothing but. Things have probably gone too far to turn back now. Tough times lie ahead, and nobody in Washington has the slightest clue what to do about it.
Latest reports have it that the House GOP is holding out for more spending cuts, but that’s just the tiniest of spits into a fiscal hurricane; too little, too late. Batten down the hatches!