Even the fiscal cliff seems like a major political move as a vain attempt to appear to be fixing budgetary issues.
An instant $600 billion swing with no preparation or transition period is really going to hurt a lot of people. They will implement it for a bit, the public will lash out, and the very next election cycle (if not sooner) we would start seeing that $600 billion swing go out the door, go back to the Bush tax cuts and more social programs to help all of those that just got whacked with the swing.
Don't get me wrong, I'm all for getting that expense budget down, across the board… But this is like a yo-yo diet. There is going to be huge binge on sugar cookies afterwards and we are going to be even fatter.
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