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Surreal: Obama's Fiscal Cliff Proposal Stuns Washington

indy2012 Wrote: Nov 30, 2012 12:45 PM
We cannot maintain this type of spending for much longer, tax increases are only half the solution....there must be heavy cuts in spending or all we will do is damage our economy....

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...