Washington Post said:
The fiscal cliff cometh. And, whether or not the House and Senate — with an assist from the White House — figure out some sort of stopgap(ish) way to avert going over the edge, one lesson is already crystal clear: Congress has failed.
Don’t believe us? Consider the following:
* Both sides put off any discussion of addressing the country’s looming financial crisis until after the 2012 election, which was cast as the peoples’ chance to let their voices be heard as to what direction they wanted their politicians to head. President Obama won with 332 electoral votes, Democrats surprisingly kept the Senate and not so surprisingly picked up a handful of seats in the House. And yet, here we are.
* Given that the country is headed over the cliff in a day or so — triggering a series of automatic cuts across the government — the logistical and political hurdles to any sort of grand bargain to address the country’s long-term debt and spending issues are insurmountably high. That means that any deal will be decidedly narrow in nature in order to pass it through the political and legislative gantlet that is a narrowly Democratic-controlled Senate and a Republican-controlled House. And if Congress can’t even find common ground on a small-bore deal, what does that say about its chances of cutting a big deal down the line?