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Surreal: Obama's Fiscal Cliff Proposal Stuns Washington

Kilroys Wrote: Nov 30, 2012 12:54 PM
The Mack-Penny plan works today...but the left rejected it along with their own Simpson-Bowles commission. That's why Sequestration works cuts govt. spending in real terms while only increasing taxes to Clinton rates which are far lower than the rates Obama wants. Take the FISCAL's as good a deal as we'll get.

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...