The cliff is part of the solution. Defense takes the biggest hit (entitlements are protected) but it’s a start and America’s military won’t go to last place with the cuts. The key is wake America out of its stupor and the cliff is a good start because other than a few sectors the markets will shrug it off. People will start to realize how useless our Keynesian government is. The Senate Dems on the other hand will come crawling begging for a deal because their campaigns depend on Washington bloat. At that point they will agree to some entitlement reform and Obama will be forced to sign it.
Great. Just great.
In other news, the patient refuses to allow doctors to stop his arterial bleeding, but agrees to have himself shot in the foot. It's a start.