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"There's a 40% chance of a 'fiscal cliff' deal before year end," predicts Erskine Bowles. In...

"There's a 40% chance of a 'fiscal cliff' deal before year end," predicts Erskine Bowles. In true Washingtonian-speak however, he adds that there's also a 35% chance that no deal will get done. Interpretation: "The chances of getting it done are better," Bowles says, "That's what's key."
Comments (11)
  • 40+35= 75 (100 % would be the total for all non-Washington math wizards)

     

    No wonder they can't get a deal done. They are using Common Core Learning Standards.
    10 Dec 2012, 08:07 PM Reply Like
  • LOL - far too close to the truth!
    10 Dec 2012, 08:21 PM Reply Like
  • I think the other 25% is that they will decide to do something about it at a later date. I think most of us believe kicking the can is much higher than 25% though.
    10 Dec 2012, 09:09 PM Reply Like
  • Nah I would say the other 25% is the world ends before they have a chance to screw things up any worse.
    10 Dec 2012, 10:33 PM Reply Like
  • As a teacher, I love your comment!
    11 Dec 2012, 01:48 AM Reply Like
  • You guys are so cynical ....25% before inauguration. Look, the election is over, let's not try to repeat the last two years working for failure for political motives. Congress has less than 25% approval, but when asked people like(vote) for their particular representative...the enemy is us. This cliff is a theatrical expression...let the tax cuts expire and cuts kick in...it was bipartisan agreement. Its more substantive than these guys can hammer out. Medicine is rarely tasty...
    11 Dec 2012, 09:50 AM Reply Like
  • The right thing to do is allow the tax deductions to expire and cut the spending. And when was the last time any politician did the right thing? So, there is 100% chance of a deal by year-end. Of course, some Americans like the drama, so in the usual incompetent grand-standing political fashion, the back-room deal will take place at the 11th hour surrounded by all sorts of controversy. As Pelosi would say, just sign it today and then read about the details tomorrow. Fail.
    10 Dec 2012, 09:40 PM Reply Like
  • Washington , DC = Organ grinder and chimp routine
    10 Dec 2012, 10:37 PM Reply Like
  • Well, if the world ends on December 21st, then they have a good chance on not getting it done:).
    10 Dec 2012, 10:55 PM Reply Like
  • The right thing to do is to actually lower taxes for everyone, and increase spending especially focused on lower and middle economic classes. Fund that by selling bonds at super duper low rates that we have today. Win-win.

     

    But instead we will be lowering deficits in the middle of a recession/recovery. How sad and how wrong!
    11 Dec 2012, 01:45 AM Reply Like
  • How much spending? The US government is already setting new spending records every year. If spending is the answer, why even have a limit, why not have the government borrow 1 quadrillion dollars and then give 3 million to everyone in the country, it would be instant growth right??
    11 Dec 2012, 02:30 AM Reply Like
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