The fiscal cliff again

I know it has been discussed to death, almost, but here is my take:

The debt ceiling will be reached.
Budgets will be cut*.
Minor political concessions will eventually be made.
Life goes on.
Lather, rinse, repeat…

Any end in sight?

*I don’t have time to read all the threads all the way through. Has any mention been made of the “Peace dividend” and how it may affect THE CLIFF?

Moving from General Questions to Elections.

samclem, moderator