Depending on who you ask, and at what moment in time, the “fiscal cliff” either is End Times, or not.
Obama is in campaign mode, as usual, that bizarre never-never-land where negotiating means running to rallies.
Given Obama’s permanent campaign, and the lack of seriousness in his proposals, a growing chorus on the right is saying, “just walk away” until Obama gets serious about spending cuts. Via Nice Deb:
Walking away seems like the only reasonable response to Obama’s Fiscal Cliff proposal, other than to “laugh out loud”, as Mitch McConnell did.
Mitch McConnell, the Senate Republican leader, says he “burst into laughter” Thursday when Treasury Secretary Tim Geithner outlined the administration proposal for averting the fiscal cliff. He wasn’t trying to embarrass Geithner, McConnell says, only responding candidly to his one-sided plan, explicit on tax increases, vague on spending cuts…
Geithner suggested $1.6 trillion in tax increases, McConnell says, but showed “minimal or no interest” in spending cuts. When congressional leaders went to the White House three days after the election, Obama talked of possible curbs on the explosive growth of food stamps and Social Security disability payments. But since Geithner didn’t mention them, those reductions appear to be off the table now, McConnell says.
Via Common Cents:
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