Skip to comments."Fiscal cliff" deal reached between White House, lawmakers: source
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 ...
No spending cuts!
Washington is not going to tighten its belt.
Every one is heading back to the banquet table for another round.
Happy New Year!
Add in the drones now and what is really much different today?
On the richest people who vote for Obama.
If they want to pull the cart, tell me why I should save them from themselves.
” - - - Washington is not going to tighten its belt.”
Duh, then why do they call DC “The Beltway?”
If they were actually borrowing existing money to finance deficit spending, then one could qualify it as kicking the can down the road. But that's not what is happening. This Printing-up-new-money-to-finance-government has a far more sinister effect. This effect is intentional. Who needs a tax increase on the top 1% which will only bring in $80 billion or so when you can devalue the currency instead and steal $6 trillion in net worth from those holding dollars instead. No sir, this isn't kicking the can down the road. This is high treason.
They aren't going to bail us out... we're the ones who will eventually have to pay for the debt that's being racked up.
That day will come... and it'll hurt a lot of people when it does. Think an abrupt end to SS retirement payments, unemployment checks, and so on... once our credit get's yanked, we're toast.
The rich will simply hunker down and do fine.
So the minority just made a deal amongst themselves?
“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.”
How is Boehner supposed to post for 72 hours when Your Messiah is changing his goal every 20 minutes?
He puts it on the web and votes one week later. And I am sure you were kidding about the MF, SOB, no count, counterfeit Kenyan pretender, lying, POS, dictator as being “YOUR MESSIAH”. I know you were kidding.
Read the Constitution. They always do it that way. The House had gone home to party. The Senate was doing strange stuff at midnight ~ mainlining probably.