dan ryan

Let’s Not Make a Deal - NYTimes.com : We will see how this goes. One of the most interest part of the story is there were more Democratic votes for the House than Republican.  This tells us how important the State Governorships and legislatures are in determining the control of the House. It also show that having the majority of Progressives in states like California, New York, Illinois, etc allows for greater control of Congress by rural states and not only in the Senate.  

Econbrowser: Finding compromise : While I agree with compromise, this one by one approach will not work.  I would still propose that we wait until January so that we can propose tax cuts and spending restoration to ensue the slope is reasonable. 

Simon Johnson: The Importance of Elizabeth Warren - NYTimes.com : This is good but remember this is incremental not radical change.

Calculated Risk: Thursday: Initial Unemployment Claims, Trade Deficit : I totally agree with Bill that this is NOT a cliff and that January 1st is not a big deal. We can work it out or we can just let it happen. We will then look at a new picture where we already have new revenue and we can work out 'cuts' in some places.