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Kibitzer Wrote: Nov 12, 2012 10:15 PM
Harry likely does not want to kick the can down the road, but rather is likely hoping the republicans refuse to go along with tax rate increases on the wealthy and let the default increases go into effect. If that happens then he and Obama will blame the republicans for the increase in middle class tax rates with the likely result that the democrats regain control of the house and increase their grip on the senate in 2014.
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It's been nearly a week since Barack Obama was re-elected president and today the 2012 lame duck session officially begins as the fiscal cliff looms.
—The expiration of Bush-era tax cuts on income, investments, married couples and families with children and inheritances.
—A $55 billion, 9 percent cut to the Pentagon next year and another $55 billion in cuts to domestic programs, including a 2 percent cut to Medicare providers.
—The expiration of unemployment benefits for the long-term jobless and a sharp cut in reimbursements for doctors participating...
The 2012 Lame Duck Session is Here