The Suspense is Killing Me

Who will President Downgrade turn into at midnight?

President Robin Hood?

Or perhaps President Periscope (Dive! Dive! Dive!)?

Either way I think he's headed toward being recorded in history as President Double Dip, "the planet Jupiter [entering] the sign of Cancer in June of next year" notwithstanding.

Strap on your crash helmet, 2013, you're going to need it.

Update 8:05 pm

Watching Brett Baier right now. It's now technically official. We're diving off the cliff.

And Mr. Baier informs me there are no new spending cuts tonight. No spending cuts, no deal. It's the spending, stupid!

And, yeah, Barry's little pee pee dance at 1:30 pm today was shameful.

1/2/13

It's a deal! With the usual and typical lack of attentional to detail out of DC.

While the tax package that Congress passed New Year's Day will protect 99 percent of Americans from an income tax increase, most of them will still end up paying more federal taxes in 2013.

That's because the legislation did nothing to prevent a temporary reduction in the Social Security payroll tax from expiring. In 2012, that 2-percentage-point cut in the payroll tax was worth about $1,000 to a worker making $50,000 a year.

I can't wait until the next round of paychecks goes out to the clueless masses.