Well the whole Fiscal Cliff issue has been deferred for two months. Then we will see what happens. In the meantime, Roberta X has boiled the entire issue down to a couple of well written paragraphs.
The money lines:
This entire brouhaha amounts to my initial example, the guy juggling credit he hasn’t got, agonizing over the cost of a cheap steak dinner. Eat it or not, it’s as nothing compared to the staggering stampede of the real deficit.