Monday, November 26, 2012

Democrats: Fiscal cliff crazies?

According to Politico, some Democrats are hoping we plunge off of the fiscal cliff.
Call them the cliff jumpers.

A growing bloc of emboldened liberals say they’re not afraid to watch defense spending get gouged and taxes go up on every American if a budget deal doesn't satisfy their priorities.

Here's what these progressives fear: an agreement that keeps lower tax rates for the wealthy, hits the social safety net with unpalatable cuts and leaves Pentagon spending unscathed. In other words, they’d rather walk the country off the cliff than watch President Barack Obama cave on long-held liberal priorities.

"If the Republicans can't see their way to significant additional revenues targeted toward the people who are best off and targeted toward passive income and other things like that, then we’re better off going over the cliff and readdressing this with a better Congress in January," Rep. Peter DeFazio (D-Ore.) said. "And we would have plenty of time to fix it."
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