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Lessons From the Cliff

By Joan Walsh, Salon - January 3, 2013

Despite boasting on both sides that Congress finally made a deal on the so-called fiscal cliff, people looking for details about the deal’s ultimate outcome are going to have to wait until March. (A lot of important people had vacations ruined, so they have a stake in pretending something big got accomplished.)

There’s no way to know how bad or good a deal Democrats cut until the conflict they postponed is resolved, and we know what it takes to lift the debt ceiling, keep the government running and deal with the “sequester” "“ the combination of automatic spending cuts to defense and to social programs baked into the original debt ceiling deal back in August 2011.

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