Teetering on the Fiscal Cliff

I was trying to follow the news yesterday as the negotiations were going on between Biden and McConnell, but I soon found that I was looking at out of date stories. Things were happening so fast that the written press could not keep up.

As near as I can figure out, the Senate voted to keep my income tax rates unchanged, but my payroll taxes will go back up. We’ll see whether they do anything to cut back federal spending. Is this about right?

And why did this all have to happen on New Year’s Eve?

Which reminds me. The TV offerings last night were awful. Billy Joel in his 2008 concert? Who was that guy on NBC? Where is Walter Cronkite? At least one station could have played Die Fledermaus…

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