Oh, goody. That's just what this issue needs. Two Parties willing to use the threat of economic catastrophe as a bargaining ploy.Sen. Patty Murray (D-Wash.) on Monday announced that Democrats are willing to allow a slew of tax cuts and spending provisions to expire if Republicans refuse to raise taxes on the wealthy, potentially inching the country off a "fiscal cliff."
"If we can't get a good deal, a balanced deal, that calls on the wealthy to pay their fair share, then I will absolutely continue this debate into 2013, rather than lock in a long-term deal this year that throws middle-class families under the bus," Murray, a budget committee member and former co-chair of the debt supercommittee, said at a Brookings Institution discussion of the "fiscal cliff."
"Fiscal cliff" is a reference to the potential crisis faced by the government at the end of this year when the Bush tax cuts and other tax and spending provisions amounting to an estimated $600 billion are set to expire.
Way to go, Congress.
(Not that I expected any better, of course.)