Wednesday 7 November 2012

56. A good development

A big problem in the last four years was the unwillingness of congress Republicans to cooperate on fiscal matters with Democrats. They demanded that any changes consist 100% of spending cuts, and that taxes cannot be raised. This may now change. The House Speaker said yesterday that House Republicans are ready to cooperate and will accept higher taxes under the right conditions. Perhaps Thelma and Louise ending can be avoided.

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