Friday

History seems to be repeating itself in Washington, whether it is the debt ceiling, the fiscal cliff or now, the subject of sequestration.  I am predicting another last minute (poor) deal or extension to avoid drastic spending cuts from going into effect, but the real question is: why does this keep happening?

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Cliffhanger

There hasn’t been a bigger dick-measuring contest in Washington since the raising of the debt ceiling last year when it comes to the fiscal cliff.

The start of 2013 will see an end of the Bush tax cuts for all incomes, a lapse  in the AMT patch and the beginning of spending cuts under the Budget Control Act of 2011, a combination that many believe could put the nation back into a recession unless action is taken now.

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