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A third option changes the negotiation — The conventional wisdom on the fiscal cliff is that there are two options: (1) an Obama-Boehner deal; or (2) no deal, in which case there is no legislation before the end of the year and we “go off the fiscal cliff.”
Discussion:
The Daily Caller, Greg Mankiw's Blog and Nice Deb
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NBC/WSJ poll: Two-thirds support balanced deficit deal — As the Obama White House and Congress negotiate to avoid the so-called fiscal cliff, nearly two-thirds of Americans say they favor a balanced deal to reduce the deficit — consisting of both higher tax rates and cuts to key entitlement programs.
Discussion:
The Fix, msnbc.com, The Democratic Daily, Taegan Goddard's …, The Hill and Le·gal In·sur·rec· tion

Amash: Boehner won't receive ‘much welcome’ in my district
Discussion:
CNN, Politico, National Review and Post Politics

Dem. source: GOP calling for permanent extension of cuts for wealthiest 2%
Discussion:
Politico, The National Memo, Outside the Beltway, ABCNEWS, ABCNEWS and The PJ Tatler

McConnell: Only thing left on the negotiating table ‘is the varnish’
Discussion:
Taegan Goddard's …

Van Hollen: Boehner May Be Waiting Till After He's Re-Elected Speaker To Cut Budget Deal
Discussion:
Washington Monthly

McConnell: Obama Wins The Tax Fight — Now On To The Debt Limit
Discussion:
Mother Jones, American Prospect, Washington Monthly, AMERICAblog, Politico and The Plum Line

Democratic Budget Chief Accuses Boehner Of Stalling Fiscal Cliff Deal To Protect Speakership
Discussion:
Daily Kos

For immediate release — Information received since the Federal Open Market Committee met in October suggests that economic activity and employment have continued to expand at a moderate pace in recent months, apart from weather-related disruptions. Although the unemployment rate …
Discussion:
Wonkblog, Balloon Juice, Business Insider, TheMoneyIllusion, Hit & Run, The Big Picture, BBC, Wall Street Journal, MarketBeat and National Review
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Huge news out of the Federal Reserve — Federal Reserve policymakers unveiled a huge surprise this afternoon. The central bank has now laid out specific numbers for the inflation and unemployment rates that will lead it to start thinking about raising interest rates.
Discussion:
Talking Points Memo and Business Insider


The Cliff Hangs on the Fed: Why Ben Bernanke Controls the Economy's Fate
Discussion:
TheMoneyIllusion, National Review and AEIdeas

Fed to Hold Rates Down Until Jobless Rate Is Below 6.5%
Discussion:
Washington Monthly, The Week and Economix


Do We Really Have to Condemn the Union Protestor Who Punched Fox News Comedian Steven Crowder? — Good, serious progressives are supposed to condemn violence as a political tactic, because it's wrong and in many cases counterproductive. But do we really need to condemn the union protestor …
Discussion:
National Review, Red Alert Politics, Mediaite, The Daily Caller, Vodkapundit, Althouse, Hot Air, The Raw Story and Post Politics
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The Republican Bait-and-Switch — Michigan Governor Rick Snyder opens the Detroit Regional Chamber 2012 Mackinac Policy Conference. — One striking thing about Governor Rick Snyder's successful push for a right-to-work law in Michigan—and Scott Walker's similar push against public employee unions …
Discussion:
No More Mister Nice Blog and The Week
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Rick Snyder Didn't Want to Sign Right-to-Work Legislation Until He Signed It
Discussion:
The Week, The Fix and Post Politics

Koch, ALEC pushed Michigan ‘Right-to-Work’ laws
Discussion:
Daily Kos, emptywheel, Truthdig, Crooks and Liars, This Just In, NBC Politics and Wonkette


GOV'T ARRESTS ILLEGAL IMMIGRANT SENATE INTERN — WASHINGTON (AP) — U.S. Sen. Robert Menendez employed as an unpaid intern in his Senate office an illegal immigrant who was a registered sex offender, now under arrest by immigration authorities, The Associated Press has learned.
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The Political Advantages of Not Caring — Near the end of a column on the Michigan “right-to-work” coup, Jonathan Chait offers an important insight on why Republicans are willing and able to pull these sort of stunts: … It's kind of important to understand that this total hostility to the labor movement …
Discussion:
New York Magazine, Mother Jones and Ramona's Voices
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Labor's plan to fight back
Discussion:
detroitnews.com, Washington Post, Daily Kos, Hot Air, New York Times and First Read

Rep. Jim Moran's Son Guilty of Beating Up His Girlfriend in Columbia Heights — Update, 4:30 p.m.: Rep. Moran says his son's incident was an accident, and Patrick Moran's girlfriend blames her injuries on a broken high heel. — Patrick Moran, the son of Democratic Virginia Rep. Jim Moran, is having a bad year.

Barbara Walters' 2012 “Most Fascinating People” — Barbara tells “GMA” how she came up with this year's list. — Transcript for Barbara Walters' 2012 “Most Fascinating People” — Her husband wants her to. But she's not sure. Another person a lot of people talk about for running in 2016 …
Discussion:
Politico, CNN, Post Politics, BuzzFeed, Business Insider, Red Alert Politics and Taegan Goddard's …
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ABC's Barbara Walters: Bill wants Hillary Clinton to run
Discussion:
Alan Colmes'Alan Colmes'

Lie of the Year: the Romney campaign's ad on Jeeps made in China — It was a lie told in the critical state of Ohio in the final days of a close campaign — that Jeep was moving its U.S. production to China. It originated with a conservative blogger, who twisted an accurate news story into a falsehood.
Discussion:
Mediaite, The Week, The PJ Tatler, Twitchy, Liberal Values, The Hill, msnbc.com, Zandar Versus The Stupid and Business Insider


Lindsey Graham Compares Marriage Equality Debate To The Civil War — Sen. Lindsey Graham (R-SC) waffled on his same-sex marriage stance Tuesday night, telling CNN's Piers Morgan he thinks states should have the right to decide marriage rights. — This is a departure from Graham's longstanding commitment …
Discussion:
Wonkette, The National Memo, Towleroad News #gay and Dependable Renegade


Time and Punishment: Mandatory Sentences Face Growing Skepticism — TALLAHASSEE, Fla. — Stephanie George and Judge Roger Vinson had quite different opinions about the lockbox seized by the police from her home in Pensacola. She insisted she had no idea that a former boyfriend had hidden it in her attic.
Discussion:
Hit & Run, Right on Crime, Lawyers, Guns & Money, Washington Monthly and Ricochet Conversations Feed


GOP Pollster: Republicans Have ‘Run Out Of’ White Voters — Republicans need to dramatically improve their standing with Latino voters or risk becoming a “regional party” of disaffected whites, according to a study released Wednesday by a GOP pollster. — “Republicans have run …
Discussion:
Mediaite
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The Hispanic Challenge and Opportunity for Republicans
Discussion:
Business Insider, National Review and PostPartisan


Sarah Palin's Son Headed for Divorce Court — Son Headed for — DIVORCE COURT — EXCLUSIVE — Sarah Palin's oldest son has pulled the trigger on his marriage by filing for divorce ... TMZ has learned. — Track Palin and his wife, Britta, jointly filed divorce docs in an Alaskan court.
Discussion:
Wonkette

Powerful committee seats rewarded to Dems who survived tough races — Politics played a powerful role in Senate Democrats' committee assignments, announced on Wednesday, with many of the Sens.-elect who survived tough races given plum spots in powerful committees as a reward.
Discussion:
Politico, CNN and The Daily Caller


Union Thugs Demolish Clint Tarver's Iconic Lansing,Michigan Hot Dog Cart [Photo-Donation Link] Update: Thugs Yelled “N*gger, Uncle Tom” Update 5: Audio: Clint Confirms The Slurs On The Dana Loesch Show — I support Clint: … Beyond the Cart: The Story of Clint Tarver:
Discussion:
Nice Deb, The Other McCain, The Dana Show and The PJ Tatler
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I Support Clint — LANSING, MI Accidents & Personal Crisis
Discussion:
The Dana Show, The Right Scoop, Michelle Malkin, The Daily Caller, The Gateway Pundit and Weasel Zippers


Joe L. Allbritton dies at 87 — Joe L. Allbritton, who vaulted from modest means as a young man in post-World War II Texas to become one of the most influential media and financial figures of his generation, died Wednesday in Houston after several months of ill health. He was 87.
Discussion:
Deadline.com and FishbowlDC


Obama Wins Almost 50% Republicans on Tax Mandate in Poll — President Barack Obama won the public argument over taxes so decisively that almost half of Republicans now say he has an election mandate to raise rates on the rich. — Majorities of about 2-to-1 also read the election results …