Disaster is certain to come in about 90 days, as certain as if there were an asteroid heading directly towards the earth. 90 days (+ a few hours) will be Dec. 21. We can't really expect Congress to get anything done between Dec. 21 and the end of the year, when everyone will be on vacation.
"
100 Days Until Taxmageddon
Sunday will mark the start of the 100-day countdown to “Taxmageddon” – the date the
largest tax hikes in the history of America will take effect. They will hit families and small businesses in three great waves on January 1, 2013:
First Wave: Expiration of 2001 and 2003 Tax Relief. (The Bush-era tax cuts will all expire).
Second Wave: Obamacare Tax Hikes. (There are
twenty new or higher taxes in Obamacare.)
Third Wave: The Alternative Minimum Tax and Employer Tax Hikes"
If Obama wins re-election, he cannot expect any cooperation from the Republicans. And indeed he is not planning on any. He thinks they will cave in and give him everything he wants. And if they won't he will work "around" them, like a dictator.
"So my expectation is that there will be some
popping of the blister
after this election, because it will have been such a stark choice.
Where Republicans refuse to cooperate on things that I know are good for
the American people, I will continue to look for ways to do it
administratively and work around Congress." Read more:
http://swampland.time.com/2012/08/30/what-he-knows-now-obama-on-popularity-partisanship-and-getting-things-done-in-washington/
tldr: There is a man-made disaster on its way in 90 days, like a very high-stake game of chicken, and neither side is blinking.
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