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Senate Passes Bill to Avoid Fiscal Cliff

JacobsTrouble Wrote: Jan 01, 2013 10:01 AM
The 16T debt proves that spending is independent of revenue. Easy money and US bonds make that possible for a season. The dems have the mandate from the people to tax them more, the GOP should have complied thus forcing the people to vote with their pocketbooks next time and viewing the GOP as "saviors" rather than "obstructionists" as they view them now.
oldervoter68 Wrote: Jan 01, 2013 10:23 AM
The Dems think they have a mandate to tax the "rich" more, knowing full well there isn't enough wealth in the pockets of the rich to cover the problem. So we let them kick the can down the road again. Study the graph at the top and tell us how we ever fund a government consuming 40%+ of GDP in 25 years (not counting State and Local Burdens). Hello, Greece, Hello, France, Hello, (not so) Great Britian.

The Senate voted early Tuesday morning 89-8 in favor of the scaled-down bipartisan package that would halt historic tax hikes for many Americans and postpone automatic spending cuts for two months. The bill will now go to the House, which is expected to be back in session at noon today.

The outlines of the deal Mr. McConnell and Mr. Biden worked out included raising tax rates for individuals making more than $400,000 and families with incomes more than $450,000, and extended unemployment benefits for the long-term jobless. It also continued a number of programs from Mr. Obama’s...