Even the New York Times....

[aboutime]

Finally. Someone at the NEW YORK SLIMES....grew a pair, and published the truth about what could happen in January.

http://finance.yahoo.com/news/tax-side-fiscal-cliff-141402281.html

[mundame]

From your cited article:

"Of course, members of the administration and Congress are already hard at work behind closed doors, aiming to stave off some of the tax increases and spending cuts due by law - the "fiscal cliff," as the Federal Reserve chairman, Ben S. Bernanke, calls it."


I haven't been paying much attention to this because many are predicting that Congress will simply push it on down the road --- to after the first quarter ends, at least.

The point was a Tea Party one, to force the government to deal with the deficit, finally, rather than just raising the debt limit again, again, again.

So I'm actually okay with the fiscal cliff in theory, but I doubt it will be allowed to happen. Do you think it could take place as written now, high taxes and big spending cuts coming in suddenly?

[Abbey Marie]

And Arthur Sulzberger just died. Coincidence? Hopefully not.