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Surreal: Obama's Fiscal Cliff Proposal Stuns Washington

FranksNBeans Wrote: Nov 30, 2012 12:42 PM
Hey purple; Have you ever heard of the dotcom bubble?
PurpleStateBlueVote Wrote: Nov 30, 2012 12:47 PM
Have you ever heard of the junk bond bubble? Apparently you have no problem crediting Reagan with that.

Republicans have been asking for the White House's plan for some time now -- well, they finally got one.  Oh my:

House Republicans said on Thursday that Treasury Secretary Timothy F. Geithner presented the House speaker, John A. Boehner, a detailed proposal to avert the year-end fiscal crisis with $1.6 trillion in tax increases over 10 years, an immediate new round of stimulus spending, home mortgage refinancing and a permanent end to Congressional control over statutory borrowing limits. The proposal, loaded with Democratic priorities and short on detailed spending cuts, was likely to meet strong...