12/3/2012

As the fiscal negotiations continue, lawmakers from both sides say they'll refuse to compromise even if it means sending the country into economic crisis -- but the truth of the matter is that neither party really intends to do so, writes Ben White. The histrionics and grand-standing is just for show, White argues -- "a largely choreographed drama whose precise end may not be known, but is likely to include a sizable tax hike ... spending cuts ... and a pledge to come back next year and try really, really hard to do fundamental tax and entitlement reform."

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