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The Fecal Cliff


Mr Obama said he had made significant compromises already by offering to cut or reform welfare programmes in exchange for raising taxes for the highest earners, and criticised Republicans for not accepting the offer.

Ian Welsh's classic is ever green:

I've long thought that the problem with politicians isn't just that they're constantly passing bills they've been bribed to pass, but that they sell out so cheaply.

But it's the cheapness which used to puzzle me.  No more though.  My friend Eli pointed out what should have been obvious to me.

(They sell out cheap) because it's not their money.  It's like selling your neighbor's car for twenty bucks.

America's politicians: cheap and crooked.

Which is exactly what Obama's "compromise" does.