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Congress Passes Cliff Deal
Wall Street Journal, by Janet Hook & Corey Boles*

Original Article

Posted By:LittleHoodedMonk, 1/1/2013 11:18:41 PM

Congress broke a rancorous stalemate Tuesday to pass legislation designed to avert the so-called fiscal cliff. But the compromise bill, which blocked most impending tax increases and postponed spending cuts largely by raising taxes on upper-income Americans, left a host of issues unresolved and guaranteed continued budget clashes between the parties. The bill represented the largest tax increase in the past two decades and was passed over opposition from conservative Republicans in the House who objected to the fact that it contained no long-term spending cuts of any significance.

*w/ [Siobhan Hughes.]

Jan1, 2013. A Day of Infamy.


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Reply 1 - Posted by: Ravenhaven, 1/1/2013 11:21:44 PM     (No. 9093951)

When is the going out of business sale?

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Reply 2 - Posted by: hector67, 1/1/2013 11:26:00 PM     (No. 9093956)

Bye bye Boehner....Time for a leader to be speaker. Hard times ahead

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Reply 3 - Posted by: ColonialAmerican1623, 1/1/2013 11:30:06 PM     (No. 9093962)

Hello France. Does he believe those with money have to live here ?

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Reply 4 - Posted by: LittleHoodedMonk, 1/1/2013 11:32:04 PM     (No. 9093965)

FTA: "The House voted 257-167, with 172 Democrats joining 85 Republicans in supporting the measure. Voting against the bill were 151 Republicans, and the GOP leadership split over the issue: House Majority Leader Eric Cantor (R., Va.) voted against it, while House Speaker John Boehner (R., Ohio) voted for it. Also supporting the bill was Rep. Paul Ryan (R., Wis.,) the GOP vice presidential nominee who has been an ardent opponent of increasing taxes."

This is all you need to know to begin targeting for 2014 midterm elections & 2016. 0bama sends Biden in and 0bama will now take the credit. Pathetic.

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Reply 5 - Posted by: Penney, 1/1/2013 11:42:34 PM     (No. 9093972)

Ryan too? mmm mmm mmm ...What a disappointment he turned out to be.

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Reply 6 - Posted by: Safari Man, 1/1/2013 11:44:18 PM     (No. 9093973)

I don´t see how the stock market can react positively to this outcome. Of course, these days, the stock market is less about economic fundamentals and more about government manipulation. I think the QE bubble that is being inflated as we speak will pop soon enough. Realists will stand back and say, hey, this really cannot be sustained. Will that happen this week? Next month? Next year? Dunno, but its going to happen and there will be a market crash of epic proportions.

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Reply 7 - Posted by: athina, 1/1/2013 11:46:11 PM     (No. 9093978)

Husband and I were never particularly impressed with Ryan and a his plan that took something like 25 years to balance the budget, lol. He´s of the Boehner-style leadership: compromising and deal making, and not too smart about it. Pitiful.

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Reply 8 - Posted by: dwa, 1/1/2013 11:46:55 PM     (No. 9093980)

Bad enough that it passed, but it also kept tax credits/deductions for Hollywood. So again, the spineless Repubs let the Dems pay off their supporters. It is pitiful how weak the Repubs are.

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Reply 9 - Posted by: MissMann, 1/1/2013 11:51:29 PM     (No. 9093989)

Well, the MSM, pResident, and Dhimms may bray at how the Republicans got scr#wed, but really, it is the country that got reamed.

Money is being taken out of productive use, additional Trillion$ are being added to the debt, and nothing at ALL is being done about unfunded entitlements.

Yeah, it´s the Republicans that got taken.

I don´t have a good feeling about 2013...

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Reply 10 - Posted by: ragu, 1/1/2013 11:56:20 PM     (No. 9093994)

Disgusted with the Republicans again. Now Ryan fails too. I´m done with the Republican Party. Will still stay registered as a Republican, because I want to vote in all elections and would never register as a Democrat.

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Reply 11 - Posted by: janylou, 1/2/2013 12:47:37 AM     (No. 9094042)

Ryan is a disappointment!

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Reply 12 - Posted by: happy conservative, 1/2/2013 12:55:13 AM     (No. 9094046)

#10, my spouse and I feel the same way; may change to independent. Voting principles now, not party line. This has been a revealing situation--90% or more of those in WA, DC are more concerned with press adulation and looking "good" than they are with representing the people and the Constitution. America has always been a jewel, but she´s getting more tarnished everyday. Sad.

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Reply 13 - Posted by: yuban, 1/2/2013 1:14:28 AM     (No. 9094056)

Well at least all the Socialist-lite crowd, that call themselves Republican, are happy.

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Reply 14 - Posted by: nigella, 1/2/2013 1:24:35 AM     (No. 9094062)

Please replace Boehner...

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Reply 15 - Posted by: Sunhan65, 1/2/2013 1:27:40 AM     (No. 9094064)

Paul Ryan has now done two things that diminish him in my eyes. First, he kept his House seat while running to be Vice-President. People who run for offices need to decide which office and go all in. Second, he voted to loot the rich for Obama and forego fiscal sanity.

I want the cliff back.

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Reply 16 - Posted by: DaBigGuy, 1/2/2013 1:33:34 AM     (No. 9094068)

And once again, we have Zero talking out of both sides of his lying mouth.

FTA: "Mr. Obama said he would like to take additional steps to reduce the nation´s deficit."

"Republicans want to use the debt ceiling to extract spending cuts. Mr. Obama has said he won´t negotiate."

Rather contradictory, unless Zero is coming up with new tax revenues, other than the monster just passed and the monster of ZeroCare. Maybe a breathing tax?

This is standard Zero. Do no work, wait until the last minute of an artificial deadline for a manufactured crisis, posture like a sissy, back the spineless wonders into a bad deal, and claim victory. And America loses once again, drowning in a sea of ever increasing red ink. Sickening.

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Reply 17 - Posted by: 3XALADY, 1/2/2013 6:41:28 AM     (No. 9094173)

FTA: It was, said Rep. Gerry Connolly (D., Va.), a "hold-your-nose vote." No shiite, Rep. Connolly. Some of us are intimately familiar with those kinds of votes. Glad you got to finally experience one, too.

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