by David Galland, Casey Research:
Government to the Rescue
It is entirely possible that in the months leading up to the so-called fiscal cliff, you spent time reading in-depth analysis of what going over the cliff was going to look like.
But if so, you didn’t read it here.
That’s because at no point in the months of media hand-wringing ahead of said cliff did we here at Casey Research believe we’d see any outcome other than the one that just came to pass.
Which is to say, at no point did we believe that the Republicrats and Demopublicans were going to let anything remotely looking like austerity prevail and so clip their ability to spend like the drunken frat boys they are.