Yesterday evening we reported the details of House Republicans' "fiscal cliff" compromise offer to the White House, which offered real ideological concessions, to the tune of $800 Billion in new revenues. The plan -- originally conceived last year by the Democratic co-chairman of the debt commission, Erskine Bowles -- also calls for the reduction of both discretionary and mandatory spending, making needed (albeit small-ball) reforms to the largest drivers of our debt. Unlike the president's risible, widely-panned proposal last week, Republicans' new negotiating posture offers genuine compromise: (a) It has bipartisan origins, (b) it achieves "balance," (c) it...
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That about sums it up. Buy gold when it dips on the market crash/panic. Baleful Bawling Bashful Buffoon Boehner and the leaders are all heading toward the guillotine where Obama has been sharpening the blade for weeks. Actually since he had Bernanke go out and tell the world in February about the mystical "fiscal cliff". Worse than lambs to slaughter. In the GOP's case, they're out there pulling the cart on the way to the platform.
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