Cliff Notes: Pride and Prejudice
With the fiscal cliff just a few short weeks away and Congress planning to pack it in for the holidays before that, there isn’t much time to work out a deal. The current state of negotiations has involved each side blasting the other’s proposal and then reverting to politics as usual. The Wall Street Journal went so far as to compare the negotiations to Lindsay Lohan, not a good sign for the millions of Americans worried about a tax increase and the budget deficit which is still on pace to top $1 trillion.
NO GOOD FAITH NEGOTIATING AT THE MOMENT
No Progress Made In Averting Fiscal Cliff As Politics Trump Policy:
“The Fiscal Cliff Negotiations Are At Such A Standstill That Not Even Aides To President Barack Obama And House Speaker John Boehner (R-Ohio) Talked Tuesday.” (Jake Sherman et al, “The Fiscal Cliff PR War,” POLITICO, 12/4/12)
Obama And Boehner Not Planning To Meet Any Time Soon. “And the way the White House sees it, there won’t be further face-to-face talks between the two leaders until Boehner says he’s willing to raise income tax rates. If you believe Boehner’s leadership team, it’ll be a long December because he’s nowhere close to caving on raising rates.” (Jake Sherman et al, “The Fiscal Cliff PR War,”