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Surreal: Obama's Fiscal Cliff Proposal Stuns Washington

khoffman Wrote: Nov 30, 2012 1:25 PM
There will be no spending cuts and no entitlement reform. If there is, it's as Amy says - it'll be smoke and mirrors.

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...