If one were to try to script an engaging drama out of the mundane, one would be hard pressed to write something more overly dramatic (a la Hallmark movies) than the “fiscal cliff” drama that we have witnessed (and engaged in) over the past few months. I am thankful an agreement has been reached, but, as the column notes, the agreement must now be taken up in the House.
Considering Boehner’s statements–““The House will honor its commitment to consider the Senate agreement if it is passed”–it seems unlikely that this will pass the GOP-controlled House (at least not in its present form), which means that it is highly likely that the drama will continue for a while longer. Perhaps the House likes overly dramatized, overly acted, overly emotional scripts more than most, as it seems that the drama will continue with a back-and-forth between the House and Senate to amend the legislation before it is able to pass both Houses.
Whatever happens, it is a sign of progress (however small) that a bi-partisan agreement was reach by the Senate. What is more, the American populous needs to relax and remember what some of the media have noted throughout the process–namely, that “fiscal cliff” was a misnomer as any of the automatic tax increases and spending cuts can be reversed retroactively.
So, here’s to hoping that 2013 will see more informed, intelligent discussion aimed at finding workable compromise legislation, rather than more inflammatory political rhetoric aimed at finding votes for the next election cycle.
The full-text of the report can be found here: http://firstread.nbcnews.com/_news/2013/01/01/16280618-in-last-minute-vote-senate-approves-fiscal-deal?lite
An updated NBC News report notes the likelihood of the House amending the bill and sending it back to the Senate: http://firstread.nbcnews.com/_news/2013/01/01/16280618-house-vote-on-fiscal-cliff-compromise-remains-in-doubt?lite