Tuesday marks the beginning the of the lame duck congress, where voters are promised a conciliatory post-election tone. Congress has laid out two objectives: prevent the full blow of the fiscal cliff and then begin to tackle our nation’s debt, which is now more than $16 trillion. However, while many people are saying that Congress has a month and a half before the end of the year, in reality they have only 16 working days on the Congressional calendar before the end of the year. That’s no a lot of time for a government that takes an increasingly long time to get anything done. read more
Tuesday night, as the world watched the election results from home, Krystal Ball and I hung out together for nearly 10 hours.
She'd been asked to contribute to msnbc's coverage, and I'd been asked to contribute to her contributions. Translation: we were on call from 9AM (when we got in for The Cycle) to 3AM (when we finally left). read more
In an interview with ABC news on Thursday, House Speaker John Boehner uttered something surprising. When asked if his party would continue working to repeal health care reform. His response was simple: “It’s pretty clear that the president was reelected. Obamacare is the law of the land.” read more
The Police were one of the iconic bands of the 1970s and 80s. Songs like “Roxanne,” “Don’t Stand So Close to Me,” and “Every Breath You Take” still resonate today. But guitarist Andy Summers tells The Cycle that being a rock star isn’t all "shine.” read more
I know it has a catchy ring to it, and I've used it myself, and I know I’ll probably use it again, but I really don't like term "fiscal cliff."
The idea, which you've already heard hundreds of times this year, is that the country will face a sudden, traumatic crisis on January 1, unless Democrats and Republicans in Washington come together and strike some kind of grand bargain on taxes, spending and the deficit.
That's not a good way to understand what we're facing. The reality is that the "cliff" is really more of a slope. A gradual slope. It works like this: read more
After Tuesday’s elections here is the outcome: President Obama was elected to four more years, we have a Republican House, and a Democratic Senate. So, it looks a lot like the last four years looked. The same three men are in charge: President Obama, House majority Leader John Boehner (R-OH) and Senate majority Leader Harry Reid (D-NV).
So will Washington actually do anything this time around? Or will they continue the same obstructionism and bickering we've seen without reaching a compromise? read more