Mea Culpa. I admit last week's edition of this column ("The Ultimate Fiscal Cliff Compromise") was too clever by half. In suggesting the Republicans give the Democrats everything they want on tax increases in exchange for simply delaying Obamacare for four years, I appeared to have overlooked something terribly significant and potentially horrendous.

But before I get into that, let me say straight out my change in attitude was not caused by incessant harassment from Grover Norquist. In fact, I can unequivocally deny all those rumors that he called up Papa John's and ordered one – no, two – million pizzas in my name.

Furthermore, my enlightenment does not come from a late night visit involving an offer I couldn't refuse from White House Press Secretary Jay Carney. Again, equally untrue is the report I woke the next morning in a pool of wet ink, the decapitated header page of my favorite Investment Policy Statement template beside me.

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