The Timing of the Fiscal Cliff

  • Share
  • Read Later

Without a plan to avert the “fiscal cliff,” Congress realistically has two days on which it can pass a bill this year: Dec. 28 and 31. The President and the Senate are in charge after Speaker Boehner’s alternative proposal, known as “Plan B,” failed to win enough Republican support to even make it to the House floor. Members of Congress left town Thursday night with the impression they would return to work Dec. 27, but nothing has been scheduled.

If the Senate passed a bill Dec. 27, the House Rules Committee could schedule a vote for the following day. The last time the Senate held a roll call vote in the week between Christmas and New Years was in 1963, according to the Senate Historical Office.

Despite the fiscal cliff’s Jan. 1 deadline, Congress could theoretically pass a bill in 2013 before the next Congress gavels in. Since 1933, when the 20th Amendment moved Congress’s opening day to Jan. 3, a sitting Congress has only met three times on Jan. 1 or 2: to discuss the threat of world war in 1941, to determine the threat of Chinese intervention in Korea in 1951, and to pass a host of domestic and foreign aid measures in 1971. A much more likely scenario would be for the next Congress to address the budget issues when its session begins on Jan. 3. In other words: Merry Cliffmas!

70 comments
notsacredh
notsacredh

OT, but we're having a blizzard here. 4-8" of snow is predicted with freezing rain thrown in for good measure. I've got to head out and go to the store before it gets really bad. Thank God (or Ford) for 4WD.

Paul,nnto
Paul,nnto

Quickie movie review-Django Unchained. If you like Tarantino movies you'll like this. We do, and we did. 

j45ashton
j45ashton

Sad, sad commentary on John Boehner who doesn't have strength of character & moral backbone benefit the nation by allowing a reasonable plan to come to a vote in front of the full House...a plan that would draw votes from both sides of the aisle and leave leave the tea party extremists isolated and without any legislative hope.

carotexas
carotexas

Merry Christmas every in swampland.

I had a post telling you all about my Christmas dinner last night but it disappeared. Now I am wondering if it telling me something.


Paul,nnto
Paul,nnto

Merry Christmas to all left, right, and FINE center too.

We had my family over yesterday I made three garliced roasted top sirloin and turned that into sandwiches on some simple rolls I made, roasted chestnut soup, and the cuter P made her outstanding egg rolls (I did the frying, she's ascared of the deep fryer) one sibling is a guacamole savant and my brother made an excellent salad. Mom provided the traditional (lept) cookies. Had family over from the breadth of this great county..Florida to Oregon. 

Just the two of us tonight (thankfully) so the feast of the four fishes. I'll shuck some oysters, then hickory smoked shrimp, seared scallops with a little olio piccante,  and finish with calamari (she steals all the tentacles but because of the season I'll look the other way) quick cooked in a red sauce.

Hope everyone is with the people they love and eating the food they like. Kbang below looks to be doing just that, as usual! :)

fitty_three
fitty_three

Merry Christmas all you Swampcritters!

outsider
outsider

From a Republican, no less:


All sanity seems to have left the ranks of those in charge of the GOP—or, more accurately, those who want to be in charge. Rep. Tim Huelskamp (R-Kan.) demonstrated in a jaw-dropping performance Thursday on Morning Joe the depth of the problem and why we are bound to go over the fiscal cliff. He made it clear he won’t vote for a tax increase on anyone, no matter how much they make. So, by his logic, we will end up going over the cliff, and raise taxes on everybody, because he and too many others like him in the party are unwilling to raise taxes on anyone. This intransigence will also make a core Republican tenet of broader tax reform more difficult to pursue because the new Congress will then be fixated on smaller bore issues like fixing the rates.

And so voters look at the “negotiations” and see on one side the president—the guy who just won the election by a substantial margin—willing to compromise by lowering his revenue target from $1.6 trillion to $1.2 trillion and moving the goalpost for tax-rate increases from $250,000 a year to $400,000 a year. And on the other side, they see Republicans like Huelskamp responding with a one-finger salute to everything.

http://www.thedailybeast.com/articles/2012/12/24/all-i-want-for-christmas-is-a-new-gop.html

notsacredh
notsacredh

Merry Christmas to all the swamp critters.

kbanginmotown
kbanginmotown

@sacredh The more I read about the politics of the fiscal cliff, the more I'm convinced that the TPers are playing a game of semantics. There is no way they will "raise taxes" (meaning: let the Bush tax cuts expire) on *anyone*. 

So, they're ready to go off the cliff, taxes will rise "on their own", and then the TPers will "cut taxes" (meaning: return to Bush-era levels)  for some of the 99%. 

It boggles the mind...

carotexas
carotexas

@Paul,nnto My daughter was telling me she wanted to see this when we were talking about Leonardo DiCaprio the other day.

Just watched the trailer and I think I would like it.

notsacredh
notsacredh

God bless us one and all.

.

Who said that?

kbanginmotown
kbanginmotown

@sacredh Merry Christmas, Sacred. I hope you get some terrific stuff, but it will be hard to top what St. Nate brung us on November 6th... ;)

notsacredh
notsacredh

I'll trade. It's still snowing but it occassionally turns to freezing rain. We're under a storm warning until 6 am tomorrow morning.I went out earlier and a car slid into my truck. It was minor but I'm not going anywhere else until tomorrow afternoon.

notsacredh
notsacredh

kbang, I think that's pretty likely too. It's ingenious in an idiotic way. Of course they'll be in a weaker position after we go over the fiscal cliff and Obama's offer to raise the thresh-hold to 400k may be off the table, but they won't have to vote to raise taxes and PO Grover Norquist and the vote they will make will be to lower taxes. It's like putting a condom on AFTER sex, but they have their own logic. 

Paul,nnto
Paul,nnto

@carotexas @Paul,nnto DiCaprio played a very bad guy very well. The cuter P observed that even with facial hair he is very baby faced.

Christoph Waltz is worth the price of the ticket. Who knew German and charming could be used in the same sentence?



carotexas
carotexas

@Paul,nnto @carotexas We ordered some lovely Texas smoked brisket and smoked turkey breast at the barbecue place and everyone wanted leftovers to take.  My daughter made a Texas chocolate sheet cake which disappeared as I predicted.  I guess it is hard to beat a good fudgey chocolate cake.

We had a great time in Texas Paul and yours sounded pretty good.  I may just have to figure away to get an invitation to your table.

doddeb
doddeb

@sacredh : Tiny Tim in A Christmas Carol said, "God bless us, every one."

notsacredh
notsacredh

fitty, my friend from Florida made a surprise trip up here for Christmas. He's stopping in shortly to visit. He brought the MIL a t-shirt that says "Hello Titty" (she's got a rack).

notsacredh
notsacredh

kbang, I got a ton of blu-ray and 3D blu-ray dvds, books, a set of Beatles, Rolling Stones and Pink Floyd drinking glasses and rock'n'roll t-shirts. I also got some classic horror movie metal posters to put on the walls in my downstairs living room (The Day the earth Stood Still, Creature fron the Black Lagoon and Forbidden Planet)

.

But you're right, November 6th was the present to top all presents. Thank you Santa...you progressive, liberal that hands out stuff to us 47%ers.

kbanginmotown
kbanginmotown

@outsider2011 @sacredh Merry Christmas and Happy Holidays, folks! 

I've got to get a beef brisket in the oven, now,  to cook for tonight. (It's been marinading since yesterday, so it should be tasty). Breakfast casserole and lasagna are on the menu for tomorrow, so I'm making those today as well. Then the relatives arrive, and the festivities begin:

"On Grey Goose, on Gordon's , on Skyy and Bacardi;

Beefeater , Belvedere, Sapphire and Stoli's!

And I heard them exclaim as I passed out of sight,

Merry Christmas to all, and to all a good night!"

- A visit by St. Pickle-Us...

Paul,nnto
Paul,nnto

I guess Ihaven't read reviews raving about the n-word and over the top violence.

nflfoghorn
nflfoghorn

Critics rave about the n-word and oer-the-top violence!

Criticially accaimed movies with violence and profane slurs = OK

Bad movies with violence and profane slurs = scorn from the NRA

'Being too simple here?

carotexas
carotexas

@sacredh You are lucky I have not kept track this year but we are very dry.  I really hate cold, snow, and ice but I will take some right now because we are dry.

notsacredh
notsacredh

We've been lucky. We had about 6" of precipitation ABOVE normal this year here in the Ohio Valley. We had a drought of about a week. I do think6 days was the longest we went without rain or snow all year long.

carotexas
carotexas

@Paul,nnto @carotexas Thank you Paul, pretty cold here today and we will get down to 8 degrees tonight and the wind is blowing.  We only received a light dusting of snow here and really need a good wet snow as we are still in a drought.

Paul,nnto
Paul,nnto

@carotexas @Paul,nnto I'm not hungry right now and I still would eat some Texas barbecue! Smoked brisket sounds so good. 


As ever, you are always welcome at our table. But you sure don't want it to be now, single digits today-a VERY cold walk across the Mississippi river to the theater. 

notsacredh
notsacredh

doddeb, after I posted it I looked around the room to see if somebody was using my fingers to type. But, of course you're right. I was momentarily hijacked by the Ghost of Chrostmas Past.

notsacredh
notsacredh

Pnnto, I worked daylight yesterday. It was a s-l-o-w day.

fitty_three
fitty_three

@sacredh  

Last Sunday the Seahawks set records.  150 to 30 on opponents and the first time in 60 years in the NFL that a team scored back to back 50 plus games.

fitty_three
fitty_three

@kbanginmotown

Yes.  She chaws the heads off of her "gifts" and arranges the remains the same way every time.  I wont go into more detail.

Paul,nnto
Paul,nnto

@sacredh Working today? I assume you will be receiving quadruple time rate.


notsacredh
notsacredh

One of the most legendary games in NBA finals history and I was there.

notsacredh
notsacredh

kbang, this is the guy that got me tickets for my birthday for game 6 of the NBA finals in Philly when Magic was a rookie and scored 42 points filling in for Kareem at center. I still have my ticket stub framed.

notsacredh
notsacredh

We opened our presents last night because I work 8-4 today. My friend from Florida was here and I talked the MIL into wearing the t-shirt. There's something called "Hello Kitty" that the shirt was making fun of.

kbanginmotown
kbanginmotown

@sacredh Just checking in tonight and kinda lost my place in this thread as well. Is "Hello Titties!" a proper greeting for your MIL's headlamps? 

And, Fitty: is the "Boneless Hitkitty" limp biskit by day, an assassin by night?

notsacredh
notsacredh

I meant deconstructiva. The non-stop running around and working has me more than a little on the worn-out side.

fhmadvocat
fhmadvocat

You are killing me with that menu!!  Let me know if you have any leftovers!!