But I see it as diversion from the real "fiscal cliff". They will just end up with some sort of deal at the last minute. The details don't matter but it will include some tax hike and debt ceiling increase and they will pat themselves on the back for their efforts. Yay, the fiscal cliff has been averted! Let's praise Barack Obama and the liberal Neocons for saving us once again.
But in fact the real fiscal cliff is fast approaching with our over all monetary policy setting right on top of the gas pedal.
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