President Obama admitted that the nation is on a fiscal cliff as Democrats and Republicans have failed to reach any agreement on the budget. Democrats want to increase the number of taxis in Washington whereas thrifty Republicans want to reduce speeding limits across the country.
If they don't reach an agreement by midnight on New Years Day, then, according to the Constitution, all Congressmen and Senators will have to do the hokey cokey and then give wedgies to each other for 24 hours.
Party leaders are cautiously optimistic about reaching an agreement, even though they refuse to talk to each other face to face. One Republican said, "We've attached a piece of string to two cans of soft drink and are using that as a means of communication, so we don't have to sit in the same room. However, the plan broke down when someone forget to drink the contents of the cans first, and the two leaders suffered injuries to their ears."