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"Fiscal cliff" deal reached between White House, lawmakers: source
reuters ^ | 12/31/12 | reuters

Posted on 12/31/2012 7:03:38 PM PST by Nachum

(Reuters) - The White House and congressional lawmakers have reached a deal to avoid the "fiscal cliff" that would delay harsh spending cuts by two months, Obama administration officials said on Monday.

President Barack Obama called Democratic Senate Majority Leader Harry Reid and House of Representatives Minority Leader Nancy Pelosi, who both signed off on the deal, one source said.

The agreement includes a balance of spending cuts and revenue increases to pay for the delay in the automatic spending cuts that would go into effect without a deal by lawmakers.

(Excerpt) Read more at reuters.com ...


TOPICS: News/Current Events
KEYWORDS: 112th; braking; bullcrap; cliff; deal; fiscal; fiscalcliff; lawmakers; onepartydeal
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Kicking the can down the road
1 posted on 12/31/2012 7:03:56 PM PST by Nachum
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To: Nachum

So are they going to pass it so we can find out what’s in it?


2 posted on 12/31/2012 7:06:03 PM PST by CynicalBear
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To: Nachum

Right!

Who will be the first out and say that they were the ‘Hero’ that saved the American Public?


3 posted on 12/31/2012 7:06:04 PM PST by K-oneTexas (I'm not a judge and there ain't enough of me to be a jury. (Zell Miller, A National Party No More))
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To: Nachum

dems would love no fiscal budgets for 8+ years.


4 posted on 12/31/2012 7:06:08 PM PST by Secret Agent Man (I can neither confirm or deny that; even if I could, I couldn't - it's classified.)
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To: Nachum

So are they going to pass it so we can find out what’s in it?


5 posted on 12/31/2012 7:06:21 PM PST by CynicalBear
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To: Nachum

Liberals don’t think you need a budget, Conservatives think you do.


6 posted on 12/31/2012 7:10:23 PM PST by gorush (History repeats itself because human nature is static)
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To: Nachum

“The agreement includes a balance of spending cuts and revenue increases to pay for the delay in the automatic spending cuts that would go into effect without a deal by lawmakers.”


so does this mean for every $1 of tax increase there will be $1 in spending cuts???


7 posted on 12/31/2012 7:11:03 PM PST by God luvs America (63.5 million pay no income tax and vote for DemoKrats...)
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To: Nachum

No Deal — we’ve kicked the can down this road before.


8 posted on 12/31/2012 7:11:36 PM PST by Uncle Chip
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To: Nachum

Weren’t all bills going to be posted online for 72 hours preceding a vote?


9 posted on 12/31/2012 7:12:05 PM PST by research99
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To: Nachum

>> President Barack Obama called Democratic Senate Majority Leader Harry Reid and House of Representatives Minority Leader Nancy Pelosi, who both signed off on the deal

Huh? Who cares if Pelosi signs off on it? She is the MINORITY leader.

Did Boner and the Republican castrati “sign off” on it? That’s the relevant question.


10 posted on 12/31/2012 7:13:00 PM PST by Nervous Tick (Without GOD, men get what they deserve.)
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To: Nachum

Glad to hear that ex-speaker Pelosi can call a vote in the house and pass this great compromise bill without any Republican help.


11 posted on 12/31/2012 7:13:26 PM PST by Yo-Yo (Is the /sarc tag really necessary?)
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To: Nachum

12 posted on 12/31/2012 7:13:35 PM PST by TSgt (...voters discover that they can vote themselves generous gifts from the public treasury.)
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To: Nachum

So they kicked the can down the road 2 months ... surprise, surprise, surprise!


13 posted on 12/31/2012 7:15:36 PM PST by relee ('Till the blue skies drive the dark clouds far away)
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To: Nachum

The article lead in says obummer, piglosi and reid have signed off on it. Notice someone is missing?


14 posted on 12/31/2012 7:15:49 PM PST by pfflier
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To: Nachum
The agreement includes a balance of spending cuts and revenue increases...

I swear I feel more and more like Winston Smith listening to propaganda from the ministry of truth each passing day.

15 posted on 12/31/2012 7:17:10 PM PST by Washi (Socialism is Slavery)
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To: Nachum

Revenue bills have to originate in the House.

Does anyone read the Constitution anymore?


16 posted on 12/31/2012 7:18:14 PM PST by exit82 ("The Taliban is on the inside of the building" E. Nordstrom 10-10-12)
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To: CynicalBear

When Bohner became speaker he said all legislation would be put on the internet for 72 hours so everyone could see it. He also said they had to give a Constitutional rational for the legislation. I can see neither.


17 posted on 12/31/2012 7:18:23 PM PST by Texas Songwriter (THAT)
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To: Uncle Chip
Be interesting to see if they can get the votes to do this ~ somehow I doubt the Dem rank and file are going to go along with anything that equates $1 cut to $1 new tax ~ and actually does it.

The Pubbies may not even have to vote on anything.

18 posted on 12/31/2012 7:18:43 PM PST by muawiyah
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To: Nachum

“Harsh spending cuts” ? You mean cutting 1% of spending over 10 years ? What a joke. We need to cut 1 trillion NOW and implement a Balanced Budget Amendment immediately.


19 posted on 12/31/2012 7:19:22 PM PST by fieldmarshaldj (Resist We Much)
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To: Nachum

This is more LIES from the news media. The media really want this deal so badly they have been on this fiscal cliff bs for a month and now are writing fake articles. We see what the media wants so go against them:

call GOP Congressmen , tell them not to vote for this nor any deal , go over the news media’s stupid cliff(which is not a cliff):

Congress switchboard number: (202) 224-3121.


20 posted on 12/31/2012 7:19:33 PM PST by Democrat_media (media makes mass shooters household names to create more & take our guns)
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To: exit82
The Pubbies have sent over a number of revenue bills this last year ~ so the Senate has them sitting there ready to amend.

That's what the Constitution allows them to do.

21 posted on 12/31/2012 7:20:09 PM PST by muawiyah
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To: gorush
Liberals don’t think you need a budget, Conservatives think you do.

If I were Weeper of the House I would say fine - No Budget No appropriations bills, AND certainly don't come begging to raise the debt ceiling. THE WEEPER AND THE CONSERVATIVES IN THE HOUSE ARE HOLDING ALL THE CARDS. STAND YOUR GROUND AND FOLLOW THE CONSITUTION.

YOU WILL BLAMED NO MATTER WHAT YOU DO - THE WHITE HUT CLOWN IS DESTROYING THE PUB PARTY, SO YOU CANNOT WIN. DO YOUR JOB THAT WE SENT YOU THERE FOR: TO STOP THE SPENDING TRAIN. THERE ARE TWO WAYS - 1) NO DEBT CEILING HIKE, ABD 2) NO CONTINUING RESOLUTION/APPROPRIATIONS BILL.

Without appropriations, White Hut clown cannot SPEND one single penny. I just don't see what is so "hard" about this fight.

22 posted on 12/31/2012 7:20:09 PM PST by Cheerio (Barry Hussein Soetoro-0bama=The Complete Destruction of American Capitalism)
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To: Washi

We’re all Winston Smith.


23 posted on 12/31/2012 7:20:23 PM PST by Lancey Howard
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To: Nachum; ding_dong_daddy_from_dumas; stephenjohnbanker; DoughtyOne; Gilbo_3; NFHale; Impy; AuntB; ...
I been watching both the Blue(R) and Red (Dems) channels on this most of the day and they are saying that O did his gloating press conference today to help gain support of Senate Dems for this deal, and he called Pelosi to get her support. They were hoping for a big confrontation on this and O give up nothing to Rs so they get the blame (and they get all that tax $$$), is what they are saying anyway.

It sounds like they agreed on extending tax cuts for first $450K versus Os original demand of first $250K and plan B for first $1M.

Although Bohner House didn't do that well in 2011 on the Debt limit fight they got way more leverage on that upcoming Debt limit fight than using automatic tax increases as a weapon to hold them off.

Republicans walked right into Os trap by defining partial extension of tax cuts as tax increases. It guaranteed that they would be seen as losing and O as winning.

But starting tomorrow they are all tax cuts. That is why Rs couldn't win holding out on them.

The thing I find is discouraging is the delay of the automatic spending cuts passed as part of the 2011 debt limit increase bill, a typical R party scam.

24 posted on 12/31/2012 7:21:28 PM PST by sickoflibs (Dems go for results, meaning winning. Rs go for symbolism and whining about losing.)
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To: Yo-Yo; Nervous Tick
Glad to hear that ex-speaker Pelosi can call a vote in the house and pass this great compromise bill without any Republican help.

To Obama, the Republicans are like nictitating membranes and appendixes- vestigial.

25 posted on 12/31/2012 7:21:50 PM PST by piasa (Attitude adjustments offered here free of charge)
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To: Nervous Tick
Good catch. this is a fake article , pure bs lies from the news media. shows you what the media want.

there is no deal yet

26 posted on 12/31/2012 7:22:53 PM PST by Democrat_media (media makes mass shooters household names to create more & take our guns)
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To: Nachum

New tag ...


27 posted on 12/31/2012 7:23:26 PM PST by EternalVigilance (House Republican leaders only use the purse strings to hold up their pantywaists.)
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To: exit82
Does anyone read the Constitution anymore?

Nope, the Democrats think the Constitution is vestigial, too.

28 posted on 12/31/2012 7:23:41 PM PST by piasa (Attitude adjustments offered here free of charge)
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To: Nachum

higher taxes, no spending cuts

GOP will say its the best they could do

The GOP is not on our side


29 posted on 12/31/2012 7:24:58 PM PST by GeronL (http://asspos.blogspot.com)
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To: pfflier

Yep. Bonehead and Cantor are silent.
They are checking with their K-Street Money Changer friends
to get their marching orders. We should hear from Bonehead
January 3, the day the leadership vote happens.


30 posted on 12/31/2012 7:25:50 PM PST by tennmountainman
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Reuters... the Saudi News Network.


31 posted on 12/31/2012 7:26:04 PM PST by piasa (Attitude adjustments offered here free of charge)
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To: muawiyah

Yes, just like Obamacare.

Will they even use the pretense of using a exisitng bill from the House as their starting point?

Since the bill will now be different than what the Senate was sent it has to go to conference, then back to the House and the Senate in the same form to be voted on.

That is not going to happen by midnight.

Nor should it ever.

I do not know why McConnell wants to make Biden, Reid and Obama look good. The time to do all this was weeks ago.

And they all knew it.


32 posted on 12/31/2012 7:26:33 PM PST by exit82 ("The Taliban is on the inside of the building" E. Nordstrom 10-10-12)
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To: piasa

>> nictitating membranes and appendixes- vestigial

PLEASE!!! There’s little kids within earshot over there.

:-)


33 posted on 12/31/2012 7:27:38 PM PST by Nervous Tick (Without GOD, men get what they deserve.)
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To: K-oneTexas
This is what the state of the Union will allo be about....How he saved us...

This SOB will tax us to death...

34 posted on 12/31/2012 7:30:09 PM PST by Sacajaweau
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To: exit82

The Senate is not originating it....this is just a system of negotiating....nothing unusual.


35 posted on 12/31/2012 7:32:00 PM PST by Sacajaweau
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To: piasa

Vestigial—very appropos for the description.


36 posted on 12/31/2012 7:32:00 PM PST by exit82 ("The Taliban is on the inside of the building" E. Nordstrom 10-10-12)
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To: God luvs America
What cuts? All I see is tax issues, what is actually cut in spending?
37 posted on 12/31/2012 7:34:14 PM PST by entropy12 (The republic is doomed when people figure out they can get free stuff by voting democrats)
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To: Sacajaweau

If the Senate is “negotiating”, then this is all kabuki theater.

McConnell should be backing up Boehner, not splitting the approach. There should have been a common strategy. McConnell getting Biden involved smacks of weakness.

McConnell, Frist, Lott,—geez, 16 years of failures in the Senate.

Oh, wait, they will stand firm on the debt ceiling, though.

Not.


38 posted on 12/31/2012 7:36:01 PM PST by exit82 ("The Taliban is on the inside of the building" E. Nordstrom 10-10-12)
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To: Nachum
Nancy Pelosi is going to show it to her Dems and if she likes they better.

Boner said he gonna let the House Republicans vote the way they want—no arm twisting this time.

39 posted on 12/31/2012 7:36:51 PM PST by Happy Rain ("Outlawing guns because of Adam Lanza would be like outlawing free speech because of Bill Maher.")
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To: Nachum
Nancy Pelosi is going to show it to her Dems and if she likes it they better.

Boner said he gonna let the House Republicans vote the way they want—no arm twisting this time.

40 posted on 12/31/2012 7:37:25 PM PST by Happy Rain ("Outlawing guns because of Adam Lanza would be like outlawing free speech because of Bill Maher.")
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To: exit82

See, thats what the delay was. They called in the sewer diver in Mexico City from “World’s Dirtiest Jobs” to go into the septic tank under the White House to get it, but he was detained by Zetas using American guns and couldn’t make it there in time....


41 posted on 12/31/2012 7:38:06 PM PST by Norm Lenhart
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To: Norm Lenhart

See,Norm, I knew you would have the inside skinny.

Happy New Year to you.


42 posted on 12/31/2012 7:41:11 PM PST by exit82 ("The Taliban is on the inside of the building" E. Nordstrom 10-10-12)
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To: exit82

It’s not easy being me...but I try ;)

Same to you and yours. Good luck in 13...we’re gonna need it.


43 posted on 12/31/2012 7:45:22 PM PST by Norm Lenhart
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To: God luvs America

My guess is Obama’s idea of “balance” is 100% tax cuts and 0% spending cuts


44 posted on 12/31/2012 7:51:38 PM PST by plain talk
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To: Nachum
Not on my corner!


45 posted on 12/31/2012 8:12:21 PM PST by haffast (Books serve to show a man that those original thoughts of his aren't very new at all. -Abe Lincoln)
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To: Nachum
We don't need no enhanced revenues.
46 posted on 12/31/2012 8:12:44 PM PST by Nuc 1.1 (Nuc 1 Liberals aren't Patriots. Remember 1789!)
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To: exit82

The house should take at least 72 hours to read the damned thing.


47 posted on 12/31/2012 8:24:41 PM PST by Vermont Lt (We are so screwed.)
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To: Nachum; All

Any year to year cuts in Federal spending?


48 posted on 12/31/2012 8:26:35 PM PST by Graewoulf ((Traitor John Roberts' Communal Obama"care" violates Anti-Trust Laws, AND the U.S. Constitution.))
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To: Nachum

Yup. Most people won’t see their taxes go up, they get to keep their benefits and 2013 will be blissful.

The only people who’ll notice are rich Obama voters but its not like they’ll notice the extra zeros missing from their income in 2013.

And we’ll charge the rest to our national credit card.


49 posted on 12/31/2012 8:32:40 PM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: muawiyah
Be interesting to see if they can get the votes to do this ~ somehow I doubt the Dem rank and file are going to go along with anything that equates $1 cut to $1 new tax ~ and actually does it

There's not one cent in cuts... this is pure tax increases.

50 posted on 12/31/2012 8:35:25 PM PST by Cementjungle
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