Plutocracy after burying Romney's Political Corpse : The Fiscal Cliff Hoax : "What will change on January 1 is bargaining leverage." - The blather of a tax increase on December 31, will be talk of a Tax Cut on January 1. - Selfishness, Self-interest and Greed to deceive Fools !

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From an article of Jonathan Chait :
 

Those that preach a ticking doomsday clock for the economy are trying to ensure low taxes for their rich pockets, or those of their donors

Don't Fear the Fiscal Cliff - Don't be scared by FearMongering - Those that are terrorizing America on the Fiscal Cliff are thinking of their own economic interests as Millionaires or Republicans receiving Money from Billionaires.

President Obama has all the winning cards in this Political Poker. Why should he be a coward before the arrogant Republicans ???  The GOPers lost the election but are extremely arrogant  acting as winners. They talk very loud but do not carry a Big Stick.

New York Magazine
Why ‘Fix the Debt’ Is Trying to Scare You About the Fiscal Cliff
By Jonathan Chait
November 19, 2012


Why ‘Fix the Debt’ Is Trying to Scare You About the Fiscal Cliff


Some excerpts :

What will change on January 1 is bargaining leverage. Once the Bush tax cuts have expired, then the two parties can much more easily agree on a deal to pass a big tax cut and substitute cuts to Social Security and Medicare for the scheduled cuts to discretionary spending. As a side benefit, the dreaded Grover Norquist tax pledge will be technically moot. Liberals such as me like this idea a lot. Maya MacGuiness insists it’s awful, awful, awful:

    Some political strategists argue that going over the cliff could turn up the pressure on deficit reduction and make it easier to reach a consensus. This logic goes: Once the tax cuts have expired, Congress can start from a different budget baseline, so that what would have been a tax increase on Dec. 31 will be a tax cut as of Jan. 1. I tried this logic on my 8-year-old son, who said: “Seriously, Mom? That is the dumbest thing I have heard,” reaffirming my sense that this kind of reasoning doesn’t carry water.

I have seen people resort to the argument from authority, substituting the credibility of the advocate for any attempt to engage in reasoning. I have never seen anybody attempt this trick when the authority is an 8-year-old.

Obviously, in a perfectly ideal policy world, we wouldn’t need to wait until January. It’s possible we won’t, anyway. Republicans may figure out that Obama has all the leverage, that any deal struck in January will be worse for them, and they’ll offer Obama favorable bargaining terms. But such an outcome requires the GOP realizing that waiting until January is very much a live option. For that reason, both Republicans and the Peterson network are desperately trying to convince America that this would lead to terrifying outcomes.

Most of the people trying to persuade you that the “fiscal cliff” is some kind of ticking doomsday clock for the economy aren’t trying to save the economy or even to ensure the long-term solvency of the budget. They are trying to ensure that the budget deal that does occur lands as close as possible to their own preferred terms.

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