Once the super committee failed the House and Senate were boxed in tight. Usually, legislation has to be passed for tax increases and cuts to kick in. But this deal was set up differently, taxes go up and cuts kick in automatically unless ledge is passed. Those tax increases affect half the population, including the very wealthy, and the cuts affect sacred cows, including the DoD. Which means the Senate in particular is hoisted by their own filibuster petard: [Read more…]