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The Fiscal Cliff Fiasco

A 'solution' that solves nothing
Monday, December 31, 2012, 11:18 PM
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Well, as expected, some sort of a last minute, sausage-like deal was struck at the eleventh hour.  Well, actually, the twelfth hour, given that only the tax side of the equation was "solved," leaving $109 billion in immediate spending cuts still on the table.

Actually, it's even murkier than that.  The deal that was struck was a Senate deal and the House could do more, less, or even just scuttle the whole thing.  So let's call it a first step on the path to a deal.

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