...the nation faces not a fiscal cliff, but rather a gentle fiscal slope.
Getting to January without a deal would cause anxiety that everyone wants to
avoid — especially Republicans, since opinion polls suggest that most voters
will blame them if negotiations break down. ...
Some have likened today’s negotiations to a game of chicken, in which the
loser is whichever of two cars on a head-on collision course swerves first.
But that metaphor isn’t instructive without some additional texture: if
Republicans are driving a Chevy Spark, the president is driving a Mack
Posted by Mark Thoma on Saturday, December 8, 2012 at 05:12 PM in Budget Deficit, Economics, Politics |