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Obama’s latest Fiscal Cliff “Mini-Deal” Proposal is exactly the kind of counterproductive nonsense I am talking about.


Four Strikes Is An Out; Obama Proposes Last Minute “Mini Deal” Essentially Scrapping All Cutbacks, While Adding Milk Lobby Bonus

globaleconomicanalysis.blogspot.com / By Mike “Mish” Shedlock / December 28, 2012 1:25 PM

The one thing I am always afraid of in budget negotiations is that virtually nothing is done, or worse yet, something counterproductive is done.

Obama’s latest Fiscal Cliff “Mini-Deal” Proposal is exactly the kind of counterproductive nonsense I am talking about.

Assuming the above Atlantic Wire article is correct …

  1. The deal would delay or replace the vast majority of spending cuts called for in the automatic sequester.
  2. The deal would extend unemployment benefits
  3. The deal would stop planned cuts to Medicare reimbursements
  4. Out of the blue, and probably an attempt to buy farm-state votes, the deal purportedly would include a “milk fix” that allegedly would avoid a dairy market catastrophe created by the failure to renew the farm bill

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