My favorite part of the slow news period between Christmas and the New Year is the Times’s daily countdown to fiscal armageddon. This morning, Harry Reid pretty much told us all to buy canned food. According to the Times, he spent much of his day on the Senate floor “excoriating” House Republicans for their refusal to consider a bill extending the Bush tax cuts on households that make less than $250,000 a year. Thus excoriated, the House stayed home. We are going over that cliff. Having imposed a future penalty no one wanted in order to force itself to come to agreement, Congress has argued its way into penalization. The legislative branch of the US government is like an addict who flushes his drugs down the toilet and then drowns.

