so, just to be clear, this deal has no impact on raising the debt ceiling, and that will be whole nother separate issue in a couple months?
Yes, agreeing to permanent tax hikes over $450k now is the quid pro quo for "unbundling" the debt ceiling negotiations. The expense reduction negotiation is made part of the debt ceiling negotiations. Meanwhile, Obama and the media will portray the Reps as mean ogres all Winter in preparation for the final surrender of the Reps. The real losers are all of us.
Nope. The debt ceiling is a separate issue.
I expect that will be raised again to avoid a default. There will be no cuts and the country will muddle through 2013.
Happy New Year!
From what I understand, only the Senate has reached a “deal”, there is still the “House” to contend with.
I hope the folks who actually control the purse strings, rejects the Senates plan which is designed to continue on the road to distruction of this country.
The “deal” shows only more spending and little REAL reductions/cuts. When they talk of cuts, it only means they won’t be spending as much as they had originally PLANNED to spend. It does not mean the will actually not spend more.
From what I understand, only the Senate has reached a “deal”, there is still the “House” to contend with.
I hope the folks who actually control the purse strings, rejects the Senates plan which is designed to continue on the road to distruction of this country.
The “deal” shows only more spending and little REAL reductions/cuts. When they talk of cuts, it only means they won’t be spending as much as they had originally PLANNED to spend.