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48 Hours Away From The Cliff: “No [Major] Progress”

zerohedge.com / By Tyler Durden / December 29, 2012, 19:17

Surprise! As we all wait on tenterhooks for tomorrow’s messianic ‘Meet the Press’ appearance, The Hill reportsthat a Senate aid with knowledge of the talks said late Saturday afternoon there is “no major progress.” The rare weekend negotiations continue with the sticking point still taxes - which will come as no surprise to any who read/listened to Ron Paul’s clear analysis of the idiocy taking place – but differences on other issues, including spending cuts, linger. Reid has scheduled a Democratic caucus meeting for Sunday afternoon to give his colleagues a chance to weigh in on a potential deal. McConnell has said he would do the same.

 “I believe such a proposal could pass both houses with bipartisan majorities – as long as these leaders allow it to come to a vote,” Obama said in his weekly address. “If they still want to vote no, and let this tax hike hit the middle class, that’s their prerogative – but they should let everyone vote. That’s the way this is supposed to work.”

If the Senate passes the legislation, it would then force the House to take up the bill on the eve of the looming deadline – leaving the ‘blame’ at the foot of Boehner’s Republicans should they not support it. The games continue… but in the meantime, consider what the debate would have looked like (literally) if Elizabeth Halseth was still in the Senate (and yes, we realize how silly this is; just like pretty much everything else).

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