the Fiscal Cliff

Charles Krautheimer has a new column on the fiscal cliff. Maybe he's right that it's all politics. Things usually are. Obama has some nice cards right now. The Bush tax cuts are going to expire on January 1 automatically. Obama won the election and the Dems have a few more Congressional seats stating in 2013. He has the big MO. So what's the hurry?

Nobody knows how things will turn out. Still it will make for some nice holiday dinner conversation.