Fiscal cliff deal reached
December 31, 2012 at 6:00 pm in Duluth News Tribune
Racing the clock, the White House reached a New Year’s Eve accord with Senate Republicans late Monday to block across-the-board tax increases and spending cuts in government programs due to take effect at midnight, according to administration and Senate Democratic officials.
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This is almost comical. Even if that bill passes the House there is no real solution in it that comes anywhere close to straighting out the financial mess this country is in. Passing the buck, just as I knew they would.
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Tax and spend… sound familiar yet?
Hot debate. What do you think?
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Tax and spend makes a nice soundbite, but it’s clear which party has been more financially responsible over the years. Acceptable revenues and smart investments is what we need, but republicans can’t understand that infrastructure and education are investments, not spending.
Hot debate. What do you think?
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As I understand the compromise, in exchange for increased taxes and spending the Republicans get to sit and listen to Mr Obama call then naves.
I think that’s just about as good a deal as they can expect. I’d take it.
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This is outrageous!!!!! Are you kidding me? This bill saves $330 billion over ten years and at the same time adds over $10 trillion to the national debt. Genius! Brilliant! I guess I have nothing more to say, since those political dissent FEMA camps, that the conspiracists talk about, are right around the corner I suppose. We honor and put all our faith in you and your wisdom, Almighty Obama!
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Don you may be misinformed (I say may since truth is rare as hen’s teeth in D.C). Apparently the bill INCREASES spending $330 billion.
The “fiscal cliff” deal that was designed to save money actually includes $330.3 billion in new spending over the next decade, according to the official estimate the Congressional Budget Office released Tuesday afternoon.
CBO said the bill contains about $25.1 billion in new cuts, but those are swamped by the new spending on extended unemployment benefits for the long-term jobless and other new refundable tax credits that President Obama fought for.
Read more: http://www.washingtontimes.com/blog/inside-politics/2013/jan/1/deficit-fiscal-cliff-bill-actually-spends-330-bill/#ixzz2GkxL0c8d
Follow us: @washtimes on Twitter
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We’re a divided country and he will use it on all issues for his advantage. I guess I didn’t expect much else, but I better see a big fat Nay by my Congressman’s vote on this nonsense. That would be something, but then again Sean Duffy has yet to see a so call deficit bill he didn’t like.
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Hey, hey, Cravaack and Duffy both Nayes! Way to hold your ground men.
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There’s nothing in this bill to be proud about, nothing at all. I think the only thing that comes from this bill is a clear signal to financial markets and global bond holders about just how messed up our finances are and how incapable our government is on fixing it. No shock if the floor drops on the markets, then again the fix has been on from the get go so I guess a 500 point gain would be expected only to slow bleed the profits back to the elitists over the next few months.
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