We’re going over the cliff folks, courtesy of the United States House of Representatives.
And please, don’t give me the partisan arguments about who is naughty and nice in this deal. It’s not the Republican’s fault. It’s not the Democrat’s fault.
It’s our fault.
We elected these bozos.
A lot of otherwise intelligent people are out there spinning up excuses for “their” political team like hamsters in a road race. Their story — and I’m sure they’re going to stick with it no matter what — is that their guys are white as new snow in this debacle. They’ll claim this in the face of the obvious realty that you can’t make a mess this big without everybody involved pitching in. That means both the Republicans and the Democrats and you and me as well for letting them get away with it.
Will they vote on it tomorrow? Who knows? Whichever way it goes, they’re sure to pass something and do something that hurts people like me … and you.
I’m going to celebrate the New Year and have a fun evening. Then, tomorrow, I’m going to start my annual New Year’s diet. After I sleep in.
Somewhere in there I think we all need to think about housecleaning. And I’m not talking about the houses where we raise our families, cook our meals and mop the floors. I mean our political house.
Here, from the Washington Post, is the gist of the story. Read it and weep.
No Vote on “Fiscal Cliff” Package
Tonight: House Aides
The House will vote on other matters at 6:30 p.m.
and adjourn for 2012, House aides told NBC NewsMembers of the House of Representatives will not meet their midnight deadline to approve a “fiscal cliff” package, aides told NBC News. Instead, they will vote on a series of non-controversial “suspension bills,” before adjourning for 2012 without a new fiscal agreement.
Monday, Dec 31, 2012
The decision to leave “fiscal cliff” matters unsresolved came despite President Barack Obama’s earlier assessment that a deal was in sight but not yet finalized. The emerging deal he described would raise tax rates on family income over $450,000 a year, increase the estate tax rate and extend unemployment benefits for one year.
“There are still issues left to resolve, but we’re hopeful Congress can get it done,” Obama said at a campaign-style event at the White House. “But it’s not done.”
What was done, officials told NBC News, was a deal to raise the tax rates on family income over $450,000 and individual income over $400,000. Also, estates would be taxed at 40 percent after the first $5 million for an individual and $10 million for a couple, up from 35 percent to 40 percent.
Unemployment benefits would be extended for one year. Without the extension, 2 million people would lose benefits beginning in early January. (Read more here.)