Experts may debate whether it’s a “fiscal cliff” or gentle slope, but everyone in Banning and Beaumont probably agrees that dealing with the deficit and expiration of Bush-era tax cuts is a must.
(See Wall Street Journal video explainer.) Congress has a history of kicking the can down the road and avoiding hard choices, so who knows whether budget cures will be made before the self-imposed deadline of Dec. 31, 2012? Maybe they’ll just change the deadline. What’s your guess on the outcome? Who’s to blame for foot-dragging?