It’s off the cliff we go

It is not yet quite certain, but with the recent turmoil in Washington, it seems almost inevitable that there will not be an agreement in time to avoid the fiscal cliff.

In my earlier short post on this topic, a commenter asked:

Why are Republicans considered to be digging in their heels on taxes (which is true), but nobody talks about the Democrats digging in their heels on spending?

I want to say a little on that topic.