Monday, December 17, 2012

There IS no cliff

"Pentagon officials and military contractors said that billions of dollars in automatic spending reductions [from the fiscal cliff] would be delayed for weeks, if not months, as they figured out where they needed to cut and by how much. Defense Department hiring would be stopped temporarily,
officials said. But no one would be fired immediately, and no programs would end
." [NYT]

That's not a cliff.  That's a gentle slope toward reducing military spending.  If this be cliff, bring me more of it!

Lagniappe:  What in the world is going to happen to the estate tax?  Are people gonna push Momma off the train?  "Sorry, Mom, but if you live another week it's going to cost 35%."  "No need to push, son, I'll JUMP for that kind of money!  Buh-BYE!"

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