Whether or not Congress resolves the fiscal cliff by Midnight, this New Year's Eve pales in comparison to 150 years ago...
The countdown to the so-called "fiscal cliff" is now a matter of hours...
And Secretary of State Hillary Rodham Clinton is hospitalized with a blood clot.
But, it's worth putting things into historic context. The most important American New Year's Eve took place a century-and-a-half ago.
As much as America is divided today, are we as divided as on December 31st, 1862? And it's worth noting that even as revered a figure as Lincoln could - on that same day - arrive at a philosophically inconsistent decision: Admitting a seceded state (West Virginia) into a nation fighting a war over the principle of secession.
Remind people of this historic event 150 years ago. When you go to your local Post Office in the New Year, why not ask the clerk for the special Emancipation Proclamation commemorative stamp to use on your ordinary mail?
Posted at 7:15am on December 31, 2012 by Allan Loudell
I started watching the movie "Lincoln" in 1862, and just got out of the theater this past weekend.
Mon, Dec 31, 2012 10:15am
The debt crosses the limit today.... Here is an excerpt from Geithner's letter to Congress...
"I am writing to inform you that the statutory debt limit will be reached on December 31, 2012, and to notify you that the Treasury Department will shortly begin taking certain extraordinary measures authorized by law to temporarily postpone the date that the United States would otherwise default on its legal obligations. "
The extraordinary means which he is talking about are the "borrowing" from the pension funds in order to fund government now, then paying them back later. These would run out if there was no deal, sometime in February.
Mon, Dec 31, 2012 12:51pm
I, for one, hope the bumbling and stumbling continues on Capitol Hill. I'm rooting for our nation to go off the fiscal cliff because some $1.2 trillion in federal spending will be chopped including $600-billion cut from defense spending. There's no other to cut the Pentagon budget except for falling off the cliff.
Mike from Delaware
Mon, Dec 31, 2012 5:00pm
Well, here it is from X-finity, no vote today in the House on Fiscal Cliff.
Allan: Thank you for your continued support of the post office.
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