How happy the New Year, the problematic House remains the long pole in the tent for this devils bargain on the spend side of the fecal cliff being considered today when the House convenes. It's all spend, very little on the how to pay for it side the aisle, though tax rates ratshitupalmost 20% for the high end.
This gets through the House considering what happened to #$%$'sPlanB I will be genuinely in jawdropping awe. I suspect a hearty stumble here, but I am the most pessimistic of all. I will consider any stumbling temporary and not to last more than a week.
Is the market skittish? You couldn't tell by bets on 31 December as the day wore on.
So far it has only been political theatre. Why you would expect anything else surprises me. In the end they will continue down the same road, doing the very same things that have placed the country in this position, and the outcome will still be what we have long suspected.
This, I believe at any rate, demonstrates clearly that the system no longer cares for anything other than control up to the point to where we all go over the fiscal cliff together—they've done nothing to avert it and an plausible argument can be offered for their actually working to bring it to pass. That said, has CONgress, or the entire federal government for that matter, become merely ushers?