After we have gone over this horrendous, cataclysmic cliff and cities are still standing and life continues to go on more or less as normal?
At this point, it is obvious the GOP doesn't want to do any serious deal. The best option is to let everything lapse on January 1, then come back with A proposal for TEMPORARY extension of the tax cuts for incomes under $250K. It is absolutely reckless of Obama and Geitthner to offer a permanent extension of those cuts. That only funds government at 17% of GDP, and we need 22% of GDP. Making any of the Bush tax cuts permanent means that the GOP wins in their goal of killing all the parts of our government they don't like.