The curtain has come down after Act I of the Fiscal Cliff. Some critics have proclaimed it a victory for the president over his Republican enemies. If it was a victory, it was an expensive one.
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America is stuck on the couch, remote in one hand, bowl of ice cream or beer in the other. I'm not talking about the American people themselves being on their couches. It's our whole economy and society that's stuck on the couch, metaphorically.
Americans tend to over-consume, which is especially true over the holidays -- from gorging ourselves on Christmas cookies to spending ourselves into debt on presents.
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