Sigh

All the thinking person can do in response to the silly compromise from Congress today is shake the head and sigh. 

It fixes nothing.  It has zero impact on debt and deficit.  It only gives Obama a victory, as he now can claim he's made things "fairer" by making rich people pay their "fair share".

But his next objective is to spend all of the extra tax revenue and then some.  On boondoggles and giveaways to his cronies who are building his beloved trains and windmills.

The expected 600 billion dollars of added tax revenue won't materialize for obvious reasons.  Those earning over 400 or 450 thousand will simply change their habits to get under the threshold.  These rich folks aren't stupid, and they can easily manage their earned income down to the threshold and shift more heavily to other income sources.  Or just work less.

The deal accomplishes nothing at all, and Obama certainly knows it.  It's nothing more than a PR stunt.  He created the crisis so he could claim victory today.  It's all a charade.

And the most disappointing outcome is that most Americans fell for it.