Some would welcome going over fiscal cliff
Shock to system is one of many ideas in the mix
For all the gloom and doom swirling in Washington about a looming fiscal cliff, there’s a faint chorus that asserts: Let it happen. Representative Peter Welch of Vermont, for one, says it might just be what the country needs to find a way out of a quandary of debt, taxes, and lack of political resolve. Welch and others say the Bush tax cuts should be allowed to expire at the end of the year, as scheduled, then immediately replaced with a series of new tax cuts that could allow both Republicans and Democrats to return to their districts as tax-cutting heroes.