Was anyone fooled by this bad acting for even a moment?
|Epic Boner Fail|
In addition to taxes being raised, there will be automatic deep cuts to military and discretionary spending.
The spending cuts are the part of the fiscal cliff that the Congressional Budget Office says would be the most damaging to America’s economic growth. It also does not include an increase in the debt ceiling, setting up another fight over the coming months like the one that created the fiscal cliff in the first place.
The theatrics over the last several days were transparent. Regressives wanted Social Security cuts and then dropped that demand; Boehner tried to corral Regressives to vote to raise taxes on those making over a million a year but couldn't even accomplish that.
Of course, this can all be retroactively fixed within the first couple of weeks in the new year when the new Congress convenes. Whether or not these antics will damage the country in the long run remains to be seen.