Alan L. Greenberg replied to the topic Is “Fiscal Cliff” Deal Imminent? What are the odds? in the forum Budget / Performance 7 years, 3 months ago
Let’s remember how we got in this situation to start. It was because our dysfunctional Congress couldn’t craft a budget – so they did the usual. Delay the problem until after the election and obscure the issue in language which, when it comes time for action, puts nobody in particular to blame and transfers responsibility for execution of the plan. Does anyone remember who was on that blue ribbon panel which failed to come up with a budget?
My gut feeling as a crusty old fed who has been around a long time is that we will see more of the same. Smoke, mirrors, vague language and a stopgap solution which someone will have to address later.
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