Bridge to a Higher Cliff

Discussion in 'Politics' started by WillowTree, Jan 7, 2013.

  1. WillowTree
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    WillowTree Diamond Member

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    The New Year’s Eve deal to avoid the fiscal cliff isn’t just a lousy deal: it’s entirely corrupt. Obama insisted on what he called a “balanced deal,” but to him a balance is only between increased government spending and higher taxes. It allowed President Obama to pretend that the deal reduces federal spending by $732 billion over the next ten years though, in fact, it increases federal spending — by $332 billion — more than it cuts.

    And it did precisely nothing about federal spending. In fact, it adds $4 trillion in new debt over the next decade.

    The American Spectator : Bridge to a Higher Cliff






    we're worse off than when we started. enjoy what you've done to yourselves you stupid Americans.
     
  2. LordBrownTrout
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    LordBrownTrout Gold Member

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    Of course it didn't and now they want an additional 400 billion in taxes at the end of the year.....but no spending decreases. Most of us weren't surprised at their deceptive tactics.
     
  3. WillowTree
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    WillowTree Diamond Member

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    there has never been such a divisive corrupt individual in the White HOuse. It is a national shame. but he was voted in twice. so they can take there medicine.. I have no sympathy.
     
  4. waltky
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    waltky Wise ol' monkey Supporting Member

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    Possible economic dislocation later in the year...
    :eusa_eh:
    CBO: Fiscal Cliff Deal Averted Recession But Sequester Could Cause Severe Economic Pain
    January 8, 2013 – The Congressional Budget Office (CBO) said the fiscal cliff deal reached between Congress and the Obama administration avoided the recession that the agency anticipated would occur at the beginning of this year absent a deal, but the agency also noted that the sequester (automatic spending cuts) could reduce GDP projections and cause significant economic pain.
     
  5. jwoodie
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    jwoodie Gold Member Supporting Member

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    If Jon Stewart doesn't think it's a problem, why should we worry?
     

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