The Republicans are now happy - for awhile. President Obama has caved to the GOP by extending the Bush tax rates for another two years. What ever happened to not "kicking the can down the road"? True, unemployment benefits got extended and the Social Security tax was lowered by 2% for one year, but at what price? The rich got a big piece of cake, while everyone else got crumbs.
So much for the debt commission. They recommended a combination of tax raises and spending cuts to get our debt crisis solved. For the near future, I see neither happening. What we need now is the Wizard of Oz to give congress a heart, a brain, and above all else, some courage. Or maybe, we just need a King who already has those qualities. Know anyone????