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View Diary: Harry Reid rips John Boehner for skipping town as tax hikes loom (117 comments)

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  •  Do they want to ensure that President Obama (1+ / 0-)
    Recommended by:
    88kathy

    will never have a third term?  Or was it too much fuss about nothing? The fiscal cliff is indeed a curb/slope/incline is probably the right thing to go over to bring our country back to surplus.

    When I see smart people make un-reasonable decisions I think that they have given up on their seats and they are taking the fall..but I will wait until tomorrow: one never knows, the Democrats may offer more spending cuts before Dec 31st and snatch victory from the progressives?Spooky

    •  It's not going to get the country back to surplus. (1+ / 0-)
      Recommended by:
      Just Bob

      The cliff is very real to some people. Look upthread for those losing unemploment-compensation extension.

      That said, what you get from austerity in a recession -- or a not-yet-recovered economoy like this one -- is that the money that the government doesn't put out in expenditures cuts the economy lower until the loss in government revenue matches the loss in government expenditures.

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