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Surreal: Obama's Fiscal Cliff Proposal Stuns Washington

John5507 Wrote: Dec 01, 2012 1:49 AM
The only thing "stunning" is the lack of any proposal from the repugs. Typical. This is how we arrived here, a result of a bunch of rethugs, beholden to lobbiest norquist, refuse to do ANYTHING. Bringing the tax rates back to the level during the boom times of the clinton era isn't a bad idea as demonstrated by the booming part.
Theophile Wrote: Dec 01, 2012 4:33 AM
The serious proposal from The Republicans, which you have seemed to overlook is called a budget. The Republicans in The House have passed one each year, including this one, as they are required by law to do. The Democrats in The Senate have refused to pass one for each of the last 3.5 years even though they are required to pass one ever year by law. This is a mess which The Democrats made through their dereliction of duty and previous policies. (By the way, Obama's proposed budget has not garnered a single vote in the Senate, which is controlled by his party, in the last two years; this is all the doing of The Democrats.)

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...