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taxes, spending. both parties have had a pretty good time doing stop-gap things. well it s because we have a divided congress, because we have as we ve talked about before the most conservative house since the 1930s and the most liberal president since the 1906s, nothing has been getting done, so the can has been getting dangerously close to the edge. on december 31st, everybody knows that barring action by this divided congress in a short lame-duck session after the election we re going to be in big, big trouble. jenna: so they set up this system because they couldn t make meaningful agreements that was absurd. let s make absurd budget cuts that we will never implement. we are not going to layoff 2 million defense workers, that would be like crazy things like dick cheney coming back to capitol hill to try to yell at everybody, and yes, it doesn t seem so absurd, suddenly because you ve got top democrats coming out yesterday and saying, it s going to happen, fiscal cliff here we come u

Congress of the united statesLame duck sessionOn december 31stThe edgeDecember 31stBudget cutsDefense workersBig trouble2 millionIt doesn tDick cheneyFiscal cliffCapitol hill