The Fiscal Cliff is Over! (Until Next Month)

Crisis averted for now! The House miraculously did something last night, and the cliff is over!

Until next month.

The deal did not reach a decision over the sequester cuts, just delayed them for two months, setting up yet another crisis deadline next month. It also did nothing about the debt ceiling. Crisis deadline number two. Finally, the continuing resolution for the federal budget expires at the end of March. Crisis deadline number three.

Now that the tax cuts part is dealt with and were on to spending, though, you can expect a return to full on freak out mode over spending and debt. We’ve spent two years hearing about how wonderful and virtuous and Serious austerity is, followed by two months of apocalyptic hysteria because austerity was about to happen, and now its all aboard the austerity train once again.

Because otherwise, there would be no reason to invite the smug assholes at FixTheDebt, and all their Very Serious enablers, onto Meet the Press. That, friends, would be the real crisis.

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