As chair of her party’s Senate campaign arm, the architect of surprising Democratic gains and the incoming chair of the powerful Senate Budget Committee, Murray now occupies a place of special influence in the Senate.Read the rest here.
And so what Murray has to say about the “fiscal cliff,” a combination of tax increases and spending cuts set to take effect in January, may be of particular importance. In a town consumed by talk of the apocalyptic consequences of failing to resolve the budgeting crisis, Murray has been arguing that missing the deadline for a deal — going over the cliff — could actually make getting a deal easier.
Personally I am not all that horrified by the fiscal cliff. If we go over the cliff we will cut spending in both the welfare and warfare state and finally end the ill-conceived Bush tax cuts. The deficit would be cut in half at a stroke. I don't see any other proposals out there that even come close to a meaningful attack on the national debt.
Sure, if I was dictator for a day I would be a bit more discriminating in how I cut the budget deficit. But I have no confidence in the congressional clowns' capacity for anything other than finding some way to kick the can down the road again. Fasten your seat-belts folks. We need to go over the cliff.