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Jamelle Bouie was on Chris Hayes yesterday and made a comment that changed my position on the fiscal cliff.  Bouie said we should extend everything two years (including all tax rates) because the fragile recovery we're having will be threatened by the cliff itself, or any proposed spending cuts or tax increases, or no more payroll tax cut, or no unemployment extension.

Here are the advantages of this:

1.  Probable economic growth.

2. Avoidance of suffering by the unemployed and low income workers hit by the payroll tax increase.

3.  Kicking in of Obamacare, bolstering Democratic position, and possibly decreasing the deifict.

4.  If the deficit decreases, less pressure from the debt hawks.

I don't see a lot of disadvantages except for not having the revenue from the tax increases.  But if it's a choice between the unemployed and low income workers suffering, and another two years of tax cuts, I think "First do no harm" should prevail.

The one precondition from the Republicans would be giving up on holding the debt ceiling hostage.

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