What's the Hurry? What's the Worry?
While elated that the full 3.5% US fiscal drag was avoided many observers are understandably dissatisfied with the fiscal compromise that was struck.   Marianne Faithfull's song "What's the Hurry" may ironically offer some insight. She asked "What's the panic where's the static?" That seems to be the key. The fiscal cliff in the US was never about economics but always about politics. The politicians had tied their own hands and lo and behold figured out a way to untie them.   Politicians regardless of nationality or political persuasion like the people they represent are loath to make difficult ...
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