Posted on 12/31/2012 6:16:05 PM PST by bd476
WASHINGTON (AP) — A Democratic aide says the White House and congressional Republicans have reached an agreement to avert the so-called fiscal cliff.
The measure would extend Bush-era tax cuts for family incomes below $450,000 and briefly avert across-the-board spending cuts set to strike the Pentagon and domestic agencies this week.
(Excerpt) Read more at bigstory.ap.org ...
Of course but there’s always hope that they’ll change ... in the next century... or two. ;)
The Vote in Congress hasn’t happened yet though. That’s what matters. the deal means nothing.
At this point it’s difficult to figure out what their plan is. New Year’s Eve when most are getting ready to enjoy a night of celebration and not watching the news... sounds like the Democratic aide got his marching orders from BHO with the blanks filled in while people are watching football tomorrow.
a deal was reached with the congressional Republicans and the ayatollah?? i thought congress was adjourned until tomorrow at 1PM?
Right, spending cuts?
ROFLOL! Thanks AppyPappy for my first big laugh of the day.
I seriously needed it. :)
So, this “deal” won’t even pay for the added year of unemployment payments they’re tossing in there... and we’re hitting the debt limit today.... how the heck are we paying for this wonderful “deal”?
None. They are apart of what I like to call The DC Party
or The Federal Party...the party of big spending and no REAL cuts.
Can’t wait to see the Rinos that form a coalition with the Rats to pass
this in the House.
I am certain u won’t hear the GOP leadership threatening committee
assignments or chairmanships to these Rinos who vote for this sham.
Instead, they will strong arm many conservatives.
What a farce.
Next up: Conversion of the country to full-blown, central-management Marxism.
I hear ya.
Get real. Bonehead will provide some Rino’s.
Pelosi will provide the rest.
Done deal.
It should be called the Rino/Rat Bill.
...that we're going to like
(1) Dems get permanent higher taxes, but only over $450k, a higher threshold than they wanted; and
(2) expense reductions get put off until the debt ceiling negotiation in two or three months.
So the Reps preserve their leverage, on expenses, but hand over a partial win to the Dems now on taxes.
The problem with this is that the Dems can demagogue this all Winter, backed by the media, weakening the Reps prior to the debt ceiling battle.
It is probably better to go back to the Clinton rates and suffer two years until a new Congress might be able to override Obama. That would take courage, sacrifice and a different Speaker to take the battle to the Dems.
This will come down to whether the Tea Party caucus can stymie this deal or whether the House Dems and Rino Reps can form an unholy alliance to pass the deal. If the latter occurs, then look forward to a Speaker Pelosi in 2014.
I used to say that the best way to make millions is to have been dumped by me.
Was watching Fox Business Network and a GOP “Aide” has said “This deal is done” Oh goodie..higher taxes AND no spending cuts..just what Obama wanted..the GOP once again bends over and kisses Obama’s smelly behind
So, this “deal” won’t even pay for the added year of unemployment payments they’re tossing in there... and we’re hitting the debt limit today.... how the heck are we paying for this wonderful “deal”?
We will continue to borrow 46 cents out of every dollar we spend.
The cliff is pushed back two months.
That means the RINOs and Dems will own it if it passes and at the least, the RINOs will pay for it in the 2014 primaries.
An unholy alliance between Rats and Rinos.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.