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Keyword: cliff

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  • Ted Yoho Tried to Delay GOP House Leadership Vote

    06/22/2014 1:49:01 AM PDT · by ObamahatesPACoal · 6 replies
    Sunshine State News ^ | Kevin Derby
    Republicans in the U.S. House caucused on Thursday and chose U.S. Rep. Kevin McCarthy, R-Calif., to replace U.S. Rep. Eric Cantor, R-Va., as House majority leader. They also selected U.S. Rep. Steve Scalise, R-La., to replace McCarthy as GOP whip. U.S. Rep. Ted Yoho, R-Fla., weighed in on Thursday after the vote and said he backed U.S. Rep. Raul Labrador, R-Ind., over McCarthy but did back Scalise. Yoho also tried unsuccessfully to move the vote back a week. “Yesterday in the House Republican conference I introduced a motion to delay the vote for the majority leader of the Republican Party...
  • Dems following Obama over the cliff

    11/28/2013 8:36:31 PM PST · by Libloather · 11 replies
    NY Post ^ | 11/27/13 | Michael Goodwin
    **SNIP** Yet now comes the sell, with the president, just as he did with ObamaCare, in full pitchman mode. Before the ink was dry, he was in California before adoring crowds assembled to nod and smile and clap on cue as he trotted out a straw man to demonize critics. “Tough talk and bluster may be the easy thing to do politically, but it’s not the right thing for our country,” he told the nodding heads. There he goes again. If you don’t agree with him, you’re playing politics. Only he knows “the right thing for our country.” His latest...
  • Shutdown Mars Obama Kin's TripTwo Members of President's Extended Family Were Turned Away

    10/11/2013 11:22:22 AM PDT · by Nachum · 28 replies
    Wall Street Journal ^ | Oct. 9, 2013 7:27 p.m. ET | Jim Carlton
    SAN FRANCISCO—The government shutdown is beginning to ensnare a lot of people and businesses who didn't think it had anything to do with them. On Wednesday, a random canvassing of spurned visitors outside the Cliff House—a tourist spot perched above the Pacific Ocean at the city's western edge—revealed that even those related to President Barack Obama aren't immune. Two members of the president's extended family were denied entry to the historic dining establishment, which is privately operated but has been ordered to close because it is on national park land. Virginia Goeldner, 78 years old, Mr. Obama's maternal great aunt,...
  • Newlywed accused of pushing husband off cliff released pending trial

    09/13/2013 9:02:19 AM PDT · by servo1969 · 43 replies
    FoxNews.com ^ | 9/13/2013 | FoxNews.com
    MISSOULA, Mont. – A federal judge has ordered a Montana newlywed to be released from jail on her own recognizance while awaiting a murder trial in the death of her husband in Glacier National Park. U.S. Magistrate Judge Jeremiah Lynch said Thursday that Jordan Linn Graham, 22, of Kalispell did not pose a flight risk because of her strong community ties and did not appear to be a danger to others. Graham allegedly pushed Cody Lee Johnson, 25, face-first off a cliff to his death in the national park on July 7 after the two argued. Earlier that day, prosecutors...
  • The Reason Liberals Are So Sure Their Leadership Isn't Dragging America Down

    01/10/2013 10:26:23 AM PST · by The Looking Spoon · 1 replies
    The Looking Spoon ^ | 1-10-13 | The Looking Spoon
    Even the writers of the old Looney Tunes cartoons could imagine the wacky behavior and ideas coming out of Obama and other leading Democrats as the country, and the world, are four years or less away from plunging into an abyss...
  • GOP Voters Hate Senate 'Cliff' Deal(Yes, and we will hate those who voted it into law as well)

    01/08/2013 12:40:22 PM PST · by bestintxas · 7 replies
    brietbart ^ | 1/8/13 | m flynn
    On Friday, Gallup released a poll gauging Americans' views of the Senate deal passed last week to avert the "fiscal cliff." Overall, Americans are mixed on the deal, with 45% disapproving and 43% approving. Among Republican voters, though, the verdict is overwhelmingly negative. 65% of Republican voters disapprove of the plan, against just 27% who support it. It's the opening salvo in the 2014 primaries. The Senate deal, negotiated by GOP Leader McConnell and VP Biden, gave the government $620 Billion in new tax revenue and delayed, for two months, the automatic spending cuts enacted with the debt ceiling increase...
  • Wall Street cheers "cliff" deal, but only for now

    01/06/2013 12:17:05 PM PST · by TurboZamboni · 16 replies
    pioneer press ^ | 1-5-13 | STEVE ROTHWELL
    When lawmakers delivered a long-delayed, last-minute agreement on the budget, Wall Street celebrated. And it would be easy to think that the surge in the Dow the following day meant that investors had put their concerns about Washington's political gridlock behind them. The Dow Jones industrial average surged on the news, but that doesn't mean the volatility is over. In fact, there could be more turmoil in the market soon because decisions on cutting the federal budget deficit have been put off until March, when the government will reach its borrowing limit. Republicans have already said they will demand cuts...
  • Pelosi suggests top earners pay even more in taxes (no specifics given)

    01/06/2013 8:07:46 AM PST · by Libloather · 1 replies
    US News ^ | 1/06/13
    WASHINGTON (AP) — House Democratic leader Nancy Pelosi isn't ruling out pushing for upper-income earners to pay more even after the "fiscal cliff" deal that raised their taxes. She tells CBS' "Face the Nation" that "I'm saying that's not off the table." The California Democrats isn't getting into specifics but she does discuss changes to tax law that might involve deductions and other breaks.
  • (Video) What Democrats Really Want of You

    01/04/2013 5:26:07 AM PST · by publius321 · 9 replies
    Quantifying the "fair share"?
  • (video)One Nation Under Despotism

    01/03/2013 6:23:24 AM PST · by publius321 · 3 replies
    (video)
  • What happens with the Fiscal Cliff legislation?

    01/02/2013 6:01:58 PM PST · by ProudFossil · 7 replies
    Jan 2, 2012 | Vanity
    What happens to the legislation set up last year to impose the fiscal cliff impact?
  • If only Romney were President...(Vanity - Heard this Lame Accusation Too Many Times)

    01/02/2013 3:45:06 PM PST · by ziravan · 24 replies
    1/2/13 | Me
    I'm getting tired of the "See, and you guys didn't like Romney, so this is what you get" garbage floating around lately. Assume a Romney Administration with the so-called 'fiscal cliff' debate extended into his watch, and this is what you've got: WH: Republican. Congress: Republican. Senate: Democrat or barely Republican and not able to sustain a filibuster. Here is President Romney at his press conference announcing a deal on the 'fiscal cliff', "As you know, Senate Democrat leaders have been intransigent on a budget deal that would avoid the fiscal cliff. In order to protect as many people as...
  • 'Fiscal Cliff' Deal Punishes Work, Rewards Unemployment

    01/02/2013 2:17:45 PM PST · by bestintxas · 13 replies
    breitbart ^ | 1/2/13 | j pollack
    The "fiscal cliff" deal approved by the Senate in a 89-8 vote early this morning, and which is under consideration by the House of Representatives today, punishes work and rewards unemployment. The deal fails to renew a payroll tax holiday that had been in effect for two years, with the result that working families could see their tax bill rise by up to $2,000. Meanwhile, the deal extends unemployment benefits for a full year--and as economist Robert Barro has demonstrated, longer benefits lead to higher unemployment. Effectively, Washington has decided to create new penalties for work, and new incentives for...
  • The Day After Republican Surrender: World Financial Markets Celebrate!

    01/02/2013 10:05:51 AM PST · by whitedog57 · 20 replies
    Confounded Interest ^ | 01/02/2012 | Anthony B. Sanders
    Last night, the Republican-held House of Representatives voted for the dreadful Senate bill laughingly called “The American Taxpayer Relief Act of 2012.” How is adding $4 trillion in Federal budget deficits over 10 years called “relief?” SOMEONE has to pay for the out-of-control spending. And that someone is taxpayers. american.taxpayer.relief.act Here is CNBC’s Rick Santelli’s take. The reaction? Fiscally-blighted European countries Portugal, Italy, Greece and Spain (PIGs) all saw sharp reductions in their sovereign bond yields. The US 10 year sovereign yield rose 7.1 basis points as of 12:35p EST. The Dow Jones Industrial Average rose 224.60 points (or 1.71%)...
  • Now You Know Who the RINOS Are

    01/02/2013 9:37:51 AM PST · by Reaganite Republican · 29 replies
    Reaganite Republican ^ | 02 January 2013 | Reaganite Republican
    Gonna primary these Obama-enabling tools  in 2014 (if any of us are still in the GOP by then) Alabama --- Alaska Young, Donald “Don”Alaska At Large Arizona --- Arkansas Womack, SteveArkansas's 3rd congressional district California Bilbray, BrianCalifornia's 50th congressional district Bono Mack, MaryCalifornia's 45th congressional district Calvert, KenCalifornia's 44th congressional district, Denham, JeffCalifornia's 19th congressional district Dreier, DavidCalifornia's 26th congressional district Gallegly, EltonCalifornia's 24th congressional district Herger, Walter “Wally”California's 2nd congressional district Lungren, Daniel E.California's 3rd congressional district McKeon, Howard “Buck”California's 25th congressional district Miller, GaryCalifornia's 42nd congressional district Royce, Edward “Ed”California's 40th congressional district Colorado --- Connecticut --- Delaware...
  • Obama goes back on vacation without signing cliff bill

    01/02/2013 9:11:22 AM PST · by ConservativeMan55 · 27 replies
    After spending months telling Americans that the fiscal cliff deal was the most important thing facing their nation, Barack Obama has gone back to his vacation. Within a few hours of the bill's passage last night, he was enjoying the comforts of Air Force One, en route to Hawaii. Heaven forbid he’s forced to sacrifice any more of his multi-million dollar getaway.
  • Fiscal Cliff Deal FAQ: What Just Happened and What It Means For You (LOL @ Derek Thompson)

    01/02/2013 8:20:56 AM PST · by TurboZamboni · 11 replies
    atlantic ^ | 1-2-13 | Derek Thompson
    Last night, the House of Representatives signed off on a deal to avert the massive tax hikes and spending cuts known, nearly posthumously, as the "fiscal cliff." Today we are a presidential signature away from the official end of this absurd national nightmare. But did the president make a bad deal? Did he make a secretly ingenious deal? What's in it, anyway? Those are questions. These are our answers ... What's in the fiscal cliff deal? The Tweet-length version of this deal is: No more payroll tax holiday, higher taxes for the super-rich, and we'll figure out the rest later....
  • Fiscal cliff bill includes favors for Hollywood and green energy

    01/02/2013 7:33:35 AM PST · by TurboZamboni · 2 replies
    biz pac review ^ | 1-2-13 | Michael Dorstewitz
    One item within the bill that was hurriedly passed in the wee hours — presumedly without reading it — was a one-year extension of a tax credit for wind energy. For new installations, it gives the industry a 2.2-cent credit per kilowatt-hour of energy produced for the first 10 years the installation is in operation. In a related story, Breitbart.com reported an extension of a tax incentive favoring the film industry. Section 317 of the freshly approved legislation includes an extension for “special expensing rules for certain film and television productions.” Congress first enacted production tax incentives favorable to the...
  • TEA Party to GOP Squish-Bags: It's Boehner/McConnell or Us Now

    01/02/2013 5:57:02 AM PST · by Reaganite Republican · 48 replies
    Reaganite Republican ^ | 02 January 2013 | Reaganite Republican
    Bachmann, West, Marco Rubio, Tim Scott,even Eric Cantor stand their ground while  Paul Ryan deeply disappoints conservatives Surely I'm not the only one who will be quitting the Republican Party -and I mean next week- if they keep spineless RINO nothing John Boehner (and even worse traitor Mitch McConnell) in a position of power, not now that they've kowtowed to the vile Obammunist regime yet again and ditched whatever speck of principle they ever had with an utterly appalling 41-1 tax increase/spending cuts ratio that can't spun any other way than complete and utter capitulation. What's the point of sticking with a party where even Paul Ryan...
  • Obscenities invade C-SPAN website during fiscal cliff coverage

    01/02/2013 5:54:14 AM PST · by TurboZamboni · 1 replies
    daily caller ^ | 1-2-13 | Alexis Levinson
    Someone is running amok at C-SPAN, the nonprofit network where political junkies get their kicks watching the inner workings of Congress. In the wee hours of Tuesday morning, as most of the country partied away the first few hours of the 2013, anyone who was watching C-SPAN at 1:27 a.m., breathlessly waiting for the Senate to pass a deal on the fiscal cliff, would have seen a somewhat odd caption over Iowa Sen. Tom Harkin: “Just Plain Dick.” The caption was memorialized by Erin Skinner Cochran on Twitter, and reported by Jim Romenesko on his media blog.
  • Can the Republican party survive any more McConnell-brokered deals?

    01/02/2013 5:14:37 AM PST · by TurboZamboni · 27 replies
    powerline ^ | 1-2-13 | Paul Mirengoff
    Mitch McConnell has many virtues as a legislator. Unfortunately, brokering deals advantageous to Republicans is not one of them. McConnell’s defenders will say that his most recent deal was the best any Republican could do under the circumstances. Perhaps. But this defense ignores the fact that it was McConnell’s prior deal — the one creating the “fiscal cliff” — that established these adverse circumstances. Let’s step back and consider the impact of McConnell’s deals on the valiant effort of House Republicans in 2011 to use the debt-ceiling to attack the debt. So far, the results are as follows: (1) the...
  • Pete Sessions only Republican in North Texas to vote for Fiscal Cliff bill

    01/01/2013 9:10:33 PM PST · by Arec Barrwin · 22 replies
    NY Slimes ^ | January 1, 2013 | Arec Barrwin
    Pete Sessions makes me sick - he's voted RINO every single time. I'll be supporting his opponent next time or not voting for him.
  • Urgent Message to the GOP in the House of Representatives..

    01/01/2013 4:15:16 PM PST · by Obama_Is_Sabotaging_America · 34 replies
    Obama_Is_Sabotating_America ^ | January 01, 2013 | Obama_Is_Sabotating_America
    DON'T DO IT. To Boehner, McConnell, Cantor, and all other Republicans in the House, under NO circumstances shall you betray your country, party and our Constitution by feeding into the Socialists' (masquerading as Democrats) continued assault on the American economy. You MUST realize by now that the mission of the Obama regime is to force the United States into a debt we will NEVER recover from.. His 'Cloward & Piven' strategy of dispensing entitlements like candy and spending relentlessly without any regard to cutting spending for the purpose of CRASHING OUR REPUBLIC FOR REPLACEMENT WITH HIS NATIONAL SOCIALIST UTOPIA is...
  • Not an Awful Deal (if you like Marxism)

    01/01/2013 1:21:26 PM PST · by indianrightwinger · 28 replies
    American Spectator ^ | Quin Hillyer
    Not an Awful Deal By QUIN HILLYER on 1.1.13 @ 10:16AM After about an hour of studying last night’s budget deal, I find it right on the borderline between (A) awful-tasting medicine we still need to take for our health and (B) a cure that is worse than the disease. But careful, careful attention pushes the calculation every-so-slightly toward the former. This isn’t even a 51-49 proposition, but only a 50.1-49.9 proposition. Still, here’s why the option of a “yes” vote for House Republicans — notwithstanding my warnings yesterday that “no deal” is better than a bad deal — is...
  • Fiscal Cliff Definition: What is This Wacky New Word and Where Did it Come From?

    01/01/2013 12:59:17 PM PST · by Libloather · 7 replies
    Policymic ^ | 12/01/12 | Michael McCutcheon
    **SNIP** “Under current law, on January 2, 2013, there’s going to be a massive fiscal cliff of large spending cuts and tax increases,” said Bernanke, in testimony to the House Financial Services Committee on February 29, 2012. **SNIP** What’s likely, is that as members on the Hill grew concerned with the stalemate over the automatic spending cuts and tax increases, the communications apparatus went to work and settled on “fiscal cliff,” members started using, Bernanke used it, and suddenly it explodes in the media and becomes codified as short hand for a complex issue. There you go. From early films...
  • House Republicans blast Senate 'cliff' bill

    01/01/2013 11:10:51 AM PST · by Libloather · 32 replies
    The Hill ^ | 1/01/13 | Pete Kasperowicz
    Several Republicans took to the House floor Tuesday afternoon to slam the Senate-brokered "fiscal cliff" bill that was passed earlier in the morning, calling it a rush job that raises taxes and delays most of the spending cuts planned for this year. "So we find ourselves again with a bill that reflects not financial wisdom, but the seductive spirit that pervades this town," Rep. Scott Rigell (R-Va.) said. "Leaders in Washington continue to over-promise. They're likes salespeople who tell their customer they can have an $30,000 car but only pay $18,000 for it. Who doesn't like that deal?" Rep. Louie...
  • Say Yes to the Mess

    01/01/2013 10:45:19 AM PST · by indianrightwinger · 18 replies
    The Weekly Standard ^ | Bill Kristol
    Say Yes to the Mess 12:15 PM, JAN 1, 2013 • BY WILLIAM KRISTOL The fiscal cliff deal that the Senate passed early this morning is ridiculous in too many ways to count. There seem to be no figures from the Congressional Budget Office and only "very preliminary" figures from the Joint Tax Committee about the real spending and revenue implications. The two month delay of the sequester will make actual governance even more difficult (how is the Pentagon supposed to plan for the rest of the year?). The sequester delay is funded by a gimmick with retirement savings tax...
  • $1 Trillion Obamacare Tax Hike Hitting on Jan. 1

    01/01/2013 6:10:39 AM PST · by RoosterRedux · 19 replies
    Obamacare contains twenty new or higher taxes. Five of the taxes hit for the first time on January 1. In total, Americans face a net $1 trillion tax hike for the years 2013-2022, according to the Congressional Budget Office. The five major Obamacare taxes taking effect on January 1 are as follows: The Obamacare Medical Device Tax: Medical device manufacturers employ 409,000 people in 12,000 plants across the country. Obamacare imposes a new 2.3 percent excise tax on gross sales – even if the company does not earn a profit in a given year. In addition to killing small business...
  • White House declares victory

    01/01/2013 9:52:16 AM PST · by Cheerio · 69 replies
    politco ^ | 1/1/13 | DONOVAN SLACK
    The White House issued a "fact sheet" statement Tuesday declaring the fiscal cliff agreement a victory, though the House has yet to vote on the measure. "At this make or break moment for the middle class, the President achieved a bipartisan solution that keeps income taxes low for the middle class and grows the economy," the statement says. "For the first time in 20 years, Congress will have acted on a bipartisan basis to vote for significant new revenue.
  • White House declares victory

    01/01/2013 9:52:15 AM PST · by Cheerio · 3 replies
    politco ^ | 1/1/13 | DONOVAN SLACK
    The White House issued a "fact sheet" statement Tuesday declaring the fiscal cliff agreement a victory, though the House has yet to vote on the measure. "At this make or break moment for the middle class, the President achieved a bipartisan solution that keeps income taxes low for the middle class and grows the economy," the statement says. "For the first time in 20 years, Congress will have acted on a bipartisan basis to vote for significant new revenue.
  • Cliff frustration mounts among House GOP

    01/01/2013 6:16:59 AM PST · by Cheerio · 16 replies
    Politco ^ | 12/31/12 | KATE NOCERA
    “We’re extremely disappointed. There was no need for this drama on New Year’s Ever because the House completed its work last August,” said Rep. Michele Bachmann (R-Minn.) “[This] is a cynical attempt on the part of the President to ensure that he has complete Democrat control, House of Representatives and Senate, in the final term.”
  • "Fiscal cliff" deal reached between White House, lawmakers: source

    12/31/2012 7:03:38 PM PST · by Nachum · 60 replies
    reuters ^ | 12/31/12 | reuters
    (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.
  • Obama’s Campaign-Style ‘Cliff’ Speech Rips GOP For Anti-Tax Stance, Praises Self For ‘Responsible’

    12/31/2012 2:46:08 PM PST · by Nachum · 19 replies
    Mediaite ^ | 12/31/12 | Andrew Kirell
    Speaking before a friendly crowd of “middle-class families” at the Old Executive Office building in Washington, D.C., this afternoon, President Obama addressed the ongoing fiscal cliff negotiations, claiming that the deal was not achieved in his preferred “balanced approach” because of Republicans unwilling to negotiate higher taxes on the wealthy. While noting that the current plan includes no new spending cuts, he also added that any future debt deals will have to include more tax increases. “The potential agreement that’s being talked about would not only make sure the taxes don’t go up on middle class families, it also would...
  • McCain Blasts Obama For 'Fun' And 'Jokes' In Press Conference, Wanting To Go Over Cliff For

    12/31/2012 2:39:35 PM PST · by Nachum · 18 replies
    Mediaite ^ | 12/31/12 | Noah Rothman
    Minutes after President Barack Obama left a stage flanked by supporters where he implored Congressional Republicans to support a tentative deal to avoid going over the fiscal cliff, Sen. John McCain (R-AZ) took to the floor of the Senate to accuse the president of “antagonizing” Republicans. He said that, based on the president’s casual press conference, he and the American people have to wonder whether Obama believes it is in his interest to go over the cliff. In his speech to his fellow colleagues in the Senate on Monday, McCain did not express any faith that Obama’s press conference had...
  • AP reports Congress will miss deadline to avoid fiscal cliff

    12/31/2012 1:33:09 PM PST · by RummyChick · 28 replies
    sacramento bee ^ | 12/31 | ap news
    WASHINGTON (AP) — Congress won't meet Monday midnight deadline on voting to avert 'fiscal cliff.' Read more here: http://www.sacbee.com/2012/12/31/5084967/ap-reports-congress-will-miss.html#storylink=cpy
  • Why your paycheck's getting smaller, no matter what: There may be no escaping higher taxes come Jan.

    12/31/2012 12:40:50 PM PST · by 2ndDivisionVet · 17 replies
    CNN Money ^ | December 30, 2012 | Emily Jane Fox
    President Obama is trying to push through legislation to keep broader middle class income taxes from rising by Monday night. But they may still have to pay at least 2% more in payroll taxes. That's because the government had temporarily lowered the payroll tax rate in 2011 to 4.2% from 6.2%, in an effort to keep more cash in the pockets of Americans and provide a boost to the economy. The tax cut, which applies on the first $113,700 in annual earnings, is expiring in December. Come 2013, most of the country's 160 million workers will see smaller paychecks. No...
  • OBAMA SCUTTLES 'FISCAL CLIFF' DEAL?

    12/31/2012 12:08:16 PM PST · by cruise_missile · 62 replies
    Breitbart TV ^ | December 31, 2012 | Mike Flynn
    This afternoon, in one of the more bizarre appearances of his presidency, Barack Obama gave a televised address to a room full of supporters on the "fiscal cliff." He broke no news, but mocked Congress, and hinted at future tax hikes. Observers worried that he may have deliberately scuttled a potential agreement. Even though he has come off his last campaign for political office, President Obama acted like a candidate on the campaign trail--one prepared to use whatever political capital he had accumulated to take shots at the opposition in Congress at the very moment leaders from both sides are...
  • Wind credit proponents prepare for 'fiscal-cliff' agreement without extension

    12/30/2012 7:28:56 AM PST · by Libloather · 4 replies
    The Hill ^ | 12/29/12 | Zack Colman
    An energy security group told The Hill on Friday that it does not expect the one-year wind credit extension it has supported to make it into a “fiscal cliff” deal. The Truman National Security Project's Operation Free campaign is preparing to fight for a retroactive extension to the credit next Congress. Michael Wu, the group’s advocacy policy director, said the extension would likely be left out of a short-term agreement to avoid automatic spending cuts and tax increases set to take effect Jan. 1. “Everything in a stopgap package would be geared toward keeping taxes from jumping on the middle...
  • Democrats prepare tax-cut bills in case nation goes over 'fiscal cliff'

    12/30/2012 7:09:34 AM PST · by Libloather · 27 replies
    The Hill ^ | 12/29/12 | Peter Schroeder
    Leading Democrats are putting together fallback proposals if Washington fails to reach a deal on the “fiscal cliff” that would allow the party to cast itself as seeking to cut taxes. “Of course, I’ve got a backup plan in the event that we don’t succeed here,” Sen. Max Baucus (D-Mont.), chairman of the Senate Finance Committee, said Friday. “I’m sure the White House has one too.” Tax rates are set to expire on most households in January if Congress does not act to extend some of the rates, something some Democrats have long seen as giving their party an advantage....
  • Obama, top lawmakers meet over fiscal cliff

    12/28/2012 2:51:44 PM PST · by what's up · 10 replies
    Yahoo.com ^ | December 28, 2012 | David Espo
    WASHINGTON (AP) -- The end game at hand, President Barack Obama and congressional leaders made a final stab at compromise Friday to prevent a toxic blend of middle-class tax increases and spending cuts from taking effect at the turn of the new year. Success was far from guaranteed in an atmosphere of political mistrust — even on a slimmed-down deal that postponed hard decisions about spending cuts into 2013, and pessimism vied with optimism in a Capitol where lawmakers grumbled about the likelihood of spending the new year holiday in the Capitol.
  • The Fiscal Cliff and Housing: The Good, The Bad and The Ugly

    12/28/2012 9:52:51 AM PST · by whitedog57 · 6 replies
    Confounded Interest ^ | 12/28/2012 | Anthony B. Sanders
    President Obama has summoned Congressional leaders to the White House to discuss avoiding the “fiscal cliff.” The fiscal cliff contains three elements: 1) automatic spending cuts (good), 2) expiration of Bush-era tax cuts (bad) and 3) Obamacare tax implementation (ugly). First, automatic spending cuts in fiscal 2013 would cause federal spending would fall an estimated $65 billion. For perspective, the Federal government’s budget deficit ending in September 2012 was $1.09 trillion. This means that the dreaded automatic spending cuts will amount to a paltry 6% of the 2012 budget deficit. Second, taxes will be going up in 2013 by an...
  • Blackburn Target of Thursday Forum by "The Action" [Obama Cult Attacks Rs]

    12/28/2012 9:40:23 AM PST · by SoFloFreeper · 3 replies
    Memphis Flyer ^ | 12/27/12 | Jackson Baker
    This one ’s off our beaten path — literally. U.S. Rep. Marsha Blackburn, who used to represent...Memphis...[will face a protest].
  • Do Nothing Democrats. When Will They Act On A Budget? (Day 1,338 - No Budget)

    12/27/2012 7:20:56 PM PST · by RedMDer · 33 replies
    December 27, 2012 | self
    That's 3 years, 7 months and 28 days that Senate Majority Leader Harry Reid (Democrat) has obstructed and prevented the House of Representatives efforts to submit a budget as required by Federal Law. That's right folks, Harry Reid (D) is breaking a law that the Senate has passed. Does he really lead or does he just have his own personal agenda to break the system. Remember what Obama said. “We are ..Days Away From Fundamentally Transforming The United States of America”
  • White House Says It Has No New Fiscal Cliff Plan

    12/27/2012 5:08:36 PM PST · by Sub-Driver · 42 replies
    White House Says It Has No New Fiscal Cliff Plan By JON KARL, SUNLEN MILLER (@sunlenmiller) , JOHN PARKINSON (@jparkABC) and SARAH PARNASS (@wordsofsarah) Dec. 27, 2012 The White House said today it has no plans to offer new proposals to avoid the fiscal cliff which looms over the country's economy just five days from now, but will meet Friday with Congressional leaders in a last ditch effort to forge a deal. Republicans and Democrats made no conciliatory gestures in public today, despite the urgency. The White House said President Obama would meet Friday with Democratic and Republican leaders. But...
  • Americans blame Republicans more than Democrats for "fiscal cliff": Reuters/Ipsos poll

    12/27/2012 1:16:46 PM PST · by John W · 32 replies
    Reuters ^ | December 27, 2012 | Reuters
    (Reuters) - Americans blame Republicans in Congress more than congressional Democrats or President Barack Obama for the current "fiscal cliff" crisis, as the deadline approaches for action to avert big tax increases and spending cuts, a Reuters/Ipsos poll showed on Thursday. When asked who they believed to be more responsible for the "fiscal cliff" situation, 27 percent blamed Republicans in Congress, 16 percent blamed Obama and 6 percent pointed to Democrats in Congress. The largest percentage - 31 percent - blamed "all of the above."
  • No ‘Fiscal Cliff’ Deal? 44% Blame GOP, 36% Obama

    12/27/2012 10:51:28 AM PST · by chessplayer · 51 replies
    Most voters still want President Obama and Congress to avoid the “fiscal cliff” of big tax hikes and automatic across-the-board spending cuts scheduled to kick in next Tuesday, but fewer than ever think a deal is likely. Voters tend to blame congressional Republicans more than the president for the impasse.
  • Secretary Geithner Sends Debt Limit Letter to Congress

    12/26/2012 9:34:07 PM PST · by Celerity · 29 replies
    Treasury Department ^ | December 26, 2012 | Matt Anderson
    Today, Secretary Geithner sent the following letter to Congress regarding the debt limit. *** December 26, 2012 The Honorable Harry Reid Majority Leader United States Senate Washington, DC 20510 Dear Mr. Leader: I am writing to inform you that the statutory debt limit will be reached on December 31, 2012, and to notify you that the Treasury Department will shortly begin taking certain extraordinary measures authorized by law to temporarily postpone the date that the United States would otherwise default on its legal obligations. These extraordinary measures, which are explained in detail in an appendix​ to this letter, can create...
  • President Obama's Legacy: $20 Trillion in Deficits for 2016 Victor

    12/26/2012 7:06:12 AM PST · by SeekAndFind · 1 replies
    Forbes ^ | 12/26/2012 | Paul Roderick Gregory
    The fiscal-cliff negotiations have deteriorated into an embarrassing travesty of competing press conferences, off-the-record remarks, closed meetings, and sound bites. The Republican side is frustrated and flabbergasted by the absence of a concrete proposal from the President that can be scored by the Congressional Budget Office and then “marked up” by Congress according to standard procedures. Vague offers of so and so many trillions of revenue increases and spending cuts spread over a decade are just words, not real proposals. The last serious fiscal-cliff projections date back to the Congressional Budget Office’s (CBO) August 2012 assessment of the budgetary effects...
  • Maria Bartiromo Destroys Senator Ben Cardin

    12/23/2012 5:49:30 PM PST · by Typical_Whitey · 10 replies
    Maria Bartiromo challenges Maryland Democratic Senator Ben Cardin to offer specifics on what spending cuts he would be willing to support, accusing both sides of talking generally about a "balanced approach" but failing ot reach an agreement to avert the fiscal cliff.
  • Sen. Barrasso: Obama sees a ‘political victory’ in going over the cliff

    12/23/2012 3:12:38 PM PST · by Libloather · 37 replies
    The Hill ^ | 12/23/12 | Alicia M. Cohn
    Sen. Barrasso: Obama sees a ‘political victory’ in going over the cliffBy Alicia M. Cohn - 12/23/12 09:32 AM ET Sen. John Barrasso (R-Wyo.) said Sunday he thinks President Obama wants to dive over the so-called "fiscal cliff." "I believe the president is eager to go over the cliff for political purposes," Barrasso told Chris Wallace on "Fox News Sunday." "He senses a political victory at the bottom of the cliff." The senator also said he believes the nation will go over the cliff, with the deadline just nine days away. Barrasso said he thinks Obama is eager to blame...