In what might loosely be described as the "spirit of the season," the Congress of the United States will likely put together a huge grab bag "with a lot of stuff in it," including tax- and debt-ceiling increases, and drop it down the nation's chimney before adjourning for its Christmas recess, Sen. Rand Paul (R-Ky.) predicted Monday.
According to European Commission documents released Tuesday by WikiLeaks, two high-ranking U.S. politicians are responsible, at least in part, for a financial blockade that the organization claims has cut off 95 percent of its revenue. Those politicians are Sen. Joseph Lieberman (I-Conn.) and Rep. Peter King (R-N.Y.), both of whom pressured MasterCard, and possibly Visa, into refusing to process payments to WikiLeaks, the documents reveal.
The "pendency plan" just passed by the San Bernardino, California, city council includes "renegotiating" its pension liabilities with CalPERS, the country's largest pension plan.
While the U.S. economy is said to be en route to go over the so-called "fiscal cliff" on January 1, Congress has made little headway in the process of reaching a solution, though there were indications of compromise over the weekend. Unless a compromise is reached, the American people will experience an onslaught of tax increases and spending cuts that the Congressional Budget Office says will set the economy on a downward spiral.
Since Senator Saxby Chambliss' defection on Thursday from his Taxpayer Protection Pledge, two other senators and a member of the House have also bailed, claiming now that tax increases must be "on the table" to solve the fiscal cliff crisis.