New Year’s Eve Cliff Diving Party?
Posted by AzBlueMeanie:
I suggested to Michael Bryan that Drinking Liberally might want to think about hosting a New Year's Eve "Cliff Diving" Party should Congress prove unable to pull its head out of its ass and come to an agreement on sequestration and taxes before then.
An Aculpulco themed party with Mexican buffet, Mexican beer and tequila drinks to celebrate Aculpulco's famous cliff divers might be fun.
Greg Sargent writes at the Plum Line today Why Dems shouldn’t blink in battle over tax hikes on rich:
If the “fiscal cliff” [austerity crisis] talks grind on towards the January 1st deadline
with no clear resolution, here’s what you can expect. Republicans will
call for all the Bush tax cuts, including those on the rich, to be
extended temporarily. CNBC commentators and others will warn that
Dems opposing a temporary extension are irresponsibly risking fiscal
cliff armageddon and threatening to tank the recovery. Spooked moderate
Dems may be tempted to agree.
Don’t do it. In reality, a temporary fiscal cliff solution —
including a temporary extension of the high end tax cuts — is one of the
worst things we can do for the economy.
That’s what Mark Zandi, the chief economist at Moody’s Analytics,
said in an interview with me today. Zandi has privately counseled Senate
Dems that a temporary postponement of a resolution will put the
recovery at risk.