December 23, 2012

SHHHHHHH...WE'RE TRYING TO SCARE THE LEFT AND RIGHT INTO THE MIDDLE:

Fiscal Fail: Government Agencies Plan Few Significant Changes For January, Despite Cliff Hype (Ryan Grim, 12/22/2012, Huffington Post)

 On Jan. 1, 2000, the world awoke to find that little had changed since the night before. After years of hype around what was then called Y2K -- the fear that computer systems across the globe would collapse, unable to handle the year shifting from '99 to '00 -- the date change turned out to be a momentous non-event.

Next week, the United States is in for much the same, after months of frantic hype about the economic disruption that awaits if Congress and the president fail to reach a deal and the federal government goes "over the fiscal cliff."

The so-called fiscal cliff is a combination of automatic tax hikes and spending cuts scheduled to go into effect Jan. 1. But the agencies responsible for implementing those changes, including the IRS and the Pentagon, are well aware that congressional and White House negotiators will most likely come to some sort of deal within weeks or months -- and so they are planning to carry on as usual, according to a broad review of private and public government plans.

In other words, there will be no cliff. There won't even be a slope.

Posted by at December 23, 2012 9:51 AM
  

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