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Last-minute deal on
cliff looking more likely

InvestmentNews, by Mark Schoeff Jr.

Original Article

Posted By:obviousity, 12/28/2012 8:49:15 PM

Senate leaders will try to cobble together a legislative package over the weekend to avert nearly $600 billion in automatic tax increases and spending cuts slated to go into effect at midnight on Monday. Following a meeting with House and Senate leaders on Friday afternoon, President Barack Obama said that he is hopeful that Congress can resolve the so-called fiscal cliff over the next 72 hours. [snip] It also would set a framework for deficit reduction in 2013 while suspending $1.2-trillion in domestic spending cuts over the next 10 years.

Comments:
**posted with permission of L.com staff**

Lucy, Charlie Brown, Football . . .

You have clearly altered copyrighted material which will get you blocked in the future. LCom Staff.

      

Reply 1 - Posted by: ColonialAmerican1623, 12/28/2012 9:11:44 PM     (No. 9088087)

$1.2 trillion in domestic spending.

Why is foreign aid never on the table ?
They nitpiok over anything for Americans, but never bat an eye at a billion here and a billion there in foreign aid that will never return to our coffers.

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Reply 2 - Posted by: ColonialAmerican1623, 12/28/2012 9:13:02 PM     (No. 9088091)

Sorry for typo. That was ´nitpick´

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Reply 3 - Posted by: horacer, 12/28/2012 9:17:51 PM     (No. 9088095)

What in the world is McConnell doing. No estate tax fix, higher investment taxes, all the sequestered funding returned to the budget. This is horrid.

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Reply 4 - Posted by: dman, 12/28/2012 9:27:45 PM     (No. 9088099)

The more we see of these "deals", the better the cliff - painful that it will be - seems. "Damn the torpedoes" - time to put the country and our children´s future first.

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Reply 5 - Posted by: noproblems, 12/28/2012 9:32:35 PM     (No. 9088102)

If this is accurate it will end the Republican Party

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Reply 6 - Posted by: Attila DiMedici, 12/28/2012 9:38:59 PM     (No. 9088103)

Isn´t this bill a revenue bill? Don´t revenue bills have to originate in the House?

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Reply 7 - Posted by: Pearson365, 12/28/2012 10:03:38 PM     (No. 9088116)

Deal will occur Monday, 12/31 to permit Obama to announce that "As I promised, I have accomplished the unprecedented. The legislation I will sign today protects the middle class, the elderly, the unemployed, the less fortunate. I also want to note that thanks to John Bonehead, the rich will now pay more than their fair share, just as I promised the envious & jealous people who voted for me."

Obama will then fly back to Hawaii in time for New Years Eve parties. He´ll be on a Hilo golf course when Hillary is moved to tears at the start of her Benghazi testimony. She´ll reach for a Kleenex, bang her head on the desk, and then forget where she is.

It is going to be another depressing 4 years.

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Reply 8 - Posted by: oh-heck, 12/28/2012 10:24:41 PM     (No. 9088128)

If the cliff is so terrible, why did Congress and the President pass a law taking us over the edge? Obama is set to get 4.5 trillion in new revenue. Force him to decrease the size of government by an additional 3.5 trillion and he can decide how to allocate the new revenue to keep the government going without borrowing anything.

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Reply 9 - Posted by: 66Strat, 12/28/2012 10:27:43 PM     (No. 9088130)

A party in search of a spine. As wrong headed as they are, at least the Dems fight. Our guys cave. And there we are.

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Reply 10 - Posted by: Jiobaobubai, 12/28/2012 10:39:18 PM     (No. 9088136)

Why is my sphincter puckering?

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Thread Closed


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Last-minute deal on
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InvestmentNews, by Mark Schoeff Jr.    Original Article
Posted By: obviousity- 12/28/2012 8:49:15 PM     Post Reply
Senate leaders will try to cobble together a legislative package over the weekend to avert nearly $600 billion in automatic tax increases and spending cuts slated to go into effect at midnight on Monday. Following a meeting with House and Senate leaders on Friday afternoon, President Barack Obama said that he is hopeful that Congress can resolve the so-called fiscal cliff over the next 72 hours. [snip] It also would set a framework for deficit reduction in 2013 while suspending $1.2-trillion in domestic spending cuts over the next 10 years.



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