Fabricated Crisis of the Fiscal Cliff Exposed as Treasury Department Pulls $200 Billion out of a Hat

[DallasNE]

7. What A Crap Report

This is nothing but an opinion piece based on a WP report and it takes great liberty with what is contained in that report. For starters, the debt ceiling will be hit on December 31st rather than January 31st so there is more urgency than suggested in this opinion piece. Second, nowhere does the WP conclude that the fiscal cliff "does not have to be resolved in coming days, but can drag on for weeks". Since this is the key opinion and it is unsupported this AlterNet report is just plain crap. Below is the link to the WP article.

http://www.washingtonpost.com/politics/us-will-hit-debt-limit-on-dec-31-treasury-department-says/2012/12/26/0e8e3738-4fa2-11e2-839d-d54cc6e49b63_story.html?wpisrc=al_comboPNE_b

What this really represents is a complication to the fiscal problems this country faces and how much uncertainty there will be in the coming days in the world markets because of the central role America plays in those world markets. Meanwhile the House is not in session and it is unclear if this House will return or just let the country go over the cliff and wait for the newly installed House deal with the issue after the new House settles their housekeeping issue and can get back to work. That schedule could cause Harry Reid to change the filibuster rule as a hedge to keep Mitch McConnell from gumming up the works with endless filibusters so some good could yet come out of this. But make no mistake, this cannot drag on for weeks without serious consequences.