Mitch McConnell, the Senate Republican leader, says he “burst into laughter” Thursday when Treasury Secretary Tim Geithner outlined the administration proposal for averting the fiscal cliff. He wasn’t trying to embarrass Geithner, McConnell says, only responding candidly to his one-sided plan, explicit on tax increases, vague on spending cuts.
Geithner’s visit to his office left McConnell discouraged about reaching a “balanced” deal on tax hikes and spending reductions designed to prevent...
spending was much less of GDP--19-20%
- Crimea parliament to declare independence after annexation referendum Ed Morrissey 14 minutes ago
- CNN reports ObamaCare approval “rebounding” Ed Morrissey 54 minutes ago
- Quotes of the day Allahpundit 10 hours ago
- DeBlasio faces three lawsuits for trying to shut down charter schools Mary Katharine Ham 10 hours ago
- European countries to US: Give us your gas Erika Johnsen 12 hours ago
- Venezuelan protesters digging in for the long haul Erika Johnsen 13 hours ago