The Fiscal Mayan Calendar
At precisely 7:27 a.m., January 1, 2013, the sun will rise. At noon, the cheesey Taxslayer.com Bowl will kickoff. At about 3:00 p.m, depending on the hangover, the Lloyd family Christmas tree will be dragged unceremoniously to the curb along with some remaining tinsel and whatever ornaments we missed. At 4.56 p.m., the sun will set, and, with the following dawn, the little nukes will be back to school.
All that will happen whether there’s a budget deal or not. I promise the world will not end.
If that’s the case, then, why not just go with Plan A? Yes, sequestration is strong medicine and a bad result, but I’d far rather suffer the consequences of automatic budget cuts and tax hikes than pass along any an ever-growing debt with no prospect of controlling it or the reckless behavior that created it. Frankly, that control needs to happen sometime, and there’s no better time than the present. Truly, no deal is better than a bad deal. In the long run, the Republic will be better off.
Believe it or not, no one’s actually falling off a cliff.