so you're saying the Repubs will not be able to get any spending cuts through and you don't believe the Dems or Obama want any spending cuts at all either ?
First, nothing ever gets "cut." The budget grows every year in accordance with the law. Any and all "cuts" that are discussed aren't cuts from the budget itself but instead cuts to projected future spending. Budget still grows, problems aren't resolved, problem gets worse. When was the last time anything was ever actually cut from the baseline budget?
And no, I don't think either party wants real budget cuts, reform etc. Kick that can down the road, get the largess, get re-elected (their real job) and let the next guys handle it. Can't forget to start posturing for that shiny new lobbying job with Bank of America.
This whole "Fiscal Cliff" doomsday scenario is theater at its best. From the politicians to the media/entertainment complex.
My prediction:
-Media plays it up as Armageddon to scare the shit out of anyone and to capture ratings/attention.
-The politicians engage in solid political theater/magic show via news media/direct press conferences. They need to make it seem like they are fighting for our best interests.
-Nothing gets done, on purpose, market crashes, public freaks out as it's around the New Year/Post-Xmas.
-The politicians get together and kick the can down the road. They pat themselves on the back.
-Markets rise from another heroine/meth injection. Short lived.
-Scenario revisited in 4-6 years but this time with another snappy and attention grabbing name for it. Possibly derived from an acronym, something short and patriotic.