My guess is that the Dems and Reps will work out some kind of temporary fix to avoid the dreaded fiscal cliff, with a new fiscal deadline in 3-4 months. Then we’ll spend those months continually fussing over the same issues, and ultimately reach a VERY PROMISING deal which pushes a final decision down the road another 3-4 months…and after that, another temporary fix that puts another fiscal cliff at the end of 2013.
And by the end of 2013, after all kinds of pseudo-activity and countless meetings and innumerable press conferences and grand posturing, pretty much nothing will have been done.
This, ladies and gentlemen, is the future of life in gridlocked USA.