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Both Sides Must Give Ground To Avoid Fiscal Cliff

BK22 Wrote: Nov 19, 2012 8:08 AM

I say it is time in this country for the lIbs to experience REAL economic hurt....not the weenie kind that they profess with safety nets that allows them to live in their parent's basement on their insurance until they are 65 or to recieve unemployment for the next 200 weeks..... Let them dumpster dive for awhile and then maybe they will recognize that they really need to get up off their butts and work for a living.

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Both Sides Must Give Ground To Avoid Fiscal Cliff

In his first formal press conference in months, Barack Obama showed that getting re-elected can increase a president's confidence and combativeness. He staked out tough stands on several issues, especially on the looming budget negotiations.

Looking ahead to the "fiscal cliff" on Dec. 31, when the 2001 and 2003 tax cuts expire and sequestration cuts government spending sharply, Obama demanded $1.6 trillion of increased revenues as part of any budget bargain.

That's twice the number he and Speaker John Boehner agreed on in the grand bargain talks in the summer of 2011.

Those talks fell apart when Obama telephoned Boehner and raised his demand...

Related Tags: Budget and Government Bush Tax Cuts Barack Obama Fiscal Cliff sequestration tax rates