Wednesday, 19 December 2012

The New Math (Reloaded)

"It's the new math.  New-ew-ew math.
 It won't do you a bit of good to re-view math.

 It's so simple; so very simple.
 That only a child can do it."

                      -- Tom Lehrer

Ah; the Christmas season.  The tree is trimmed.  The presents are mostly wrapped.  Wassailing is mostly done.  The new year is around the corner.  And the fiscal cliff approaches.

Well; that's not -all- true.  Who goes wassailing anymore?  And what is it, anyways?
But oh, the fiscal cliff; truly, the most wonderful time of the year.

I read today on the financial blogs that the House speaker John Boehner has not presented a "Plan B" to the president, including tax rises on families making $1 million and more.  Taxes on "the rich" will go up, apparently.  Hell, the plan was one floated by Nancy Pelosi last year.

So of course, we've got a deal, right?  The president immediately accepted, and the two then really did dash out to go wassailing.

Well, not quite.

The recalcitrant president has indicated that he would veto such a plan, despite talking ad nauseum for the past 18 months about the need to raise taxes on "millionaires and billionaires."  

Now that such a tax is in front of him, he flatly turns it down?

Because, apparently, there are not enough (or any?) 'cuts' in Boehner's plan.

You read that right.  A DEMOCRATIC president refuses a REPUBLICAN proposal to raise taxes on millionaires because it doesn't have enough CUTS to spending.

We're really through the looking glass, aren't we?

But as nutty as all of that is, the best part is that White House communications director Dan Pfeiffer opined that the two sides were "only a few hundred billion apart," with hope a deal could be reached.

So, in Washington DC, where a millionaire is not a millionaire, now a few hundred billion dollars is now a trivial difference.

We're doomed.

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