Phew! That was close. At the last minute lawmakers pulled a deal out of their assembly and averted a roll down the fiscal cliff.
Here's a look at how Twitter responded:
Tags: Barack Obama, Democrats, Fiscal Cliff, House of Representatives, John Boehner, Paul Ryan, Republicans, Tweet Roundup
Barack Obama's second term hasn't even started, but in a single stroke, thousands of Americans have fallen from the ranks of the wealthy. It's just like the dispossession of the Russian nobility under the Bolsheviks, except instead of being exiled to Siberia these former rich people are being reclassified as middle-class and getting an extension of the Bush-era tax rates.
For years, Obama and his fellow Democrats have insisted that couples making more than $250,000 a year should pay taxes at Clinton-era rates. But under the terms of the fiscal cliff deal adopted last night, households will have to earn $450,000 before a single dollar is taxed at the 39.6% rate. Knowing whether or not you're rich can be difficult under Obama's brand of Sharia socialism! Let this handy questionnaire be your guide.
Tags: Fiscal Cliff, House of Representatives, Money, Senate, Taxes
* Kid President has a question and answer sesh.
* That's the fiscal cliff rock.
* Catch up on this past year's best correspondence.
* The world's Facebook feed for 2012, from College Humor.
* The Onion polls rural whites on the President's popularity.
* Here's a great list about what idiots have believed about sex.
* Get well soon, Hillary Clinton. This guy wants to hang out with you.
* Hillary is gonna knock these people upside their heads once she's better.
* What do you call the area between Time Square's New Year Ball and 2013?
Tags: Barack Obama, College Humor, Facebook, Fiscal Cliff, Hillary Clinton, John Boehner, Mahmoud Ahmadinejad, Sex, The Onion
Strained negotiations over the fiscal cliff have to led to some heated remarks in the normally stodgy Senate. Harry Reid called House Speaker John Boehner a "dictator" for the latter's refusal to bring Senate bills to a vote in the House. Before that, Reid compared Republicans to the New York Jets.
Which is to say: Senate insults have gotten lame lately and productivity seems to have suffered as a result. At least you could count on the Senate to authorize a war or two in the days when Dick Cheney stalked the chamber, telling Sen. Patrick Leahy to do a certain anatomically impossible thing to himself.
Maybe if we get back to the days of hardcore incivility and let elected officials blow off some steam, they'll get more work done. Consider the greatest congressional insults in history:
Tags: Fiscal Cliff, Harry Reid, History, Senate