Geithner’s fiscal cliff offer: Obama wish list - Steven Sloan and Joseph J. Schatz - POLITICO.com
After you read through this "list of demands" and you have to acknowledge how confident the President must feel in the economics department to propose such outlandish ideas to solve the so-called "Fiscal Cliff". In particular, the proposal to effective take away the ability of Congress to raise the debt ceiling and give it to the President is downright disturbing. Not that I don't understand the appeal: with the President is charge of raising the debt ceiling, the decision would relatively quick and not the painfully drawn process it has become today. Problem is, political convenience of this type almost always goes hand in hand with corruption and goes again the fundamental nature of our government: a balance of power.