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Anatomy of a Flop: GOP "Cliff" Counter-Offer Fizzles

OBAMA-DRAMA Wrote: Dec 04, 2012 2:28 PM
Yup... and all inheritances above 5 million dollars... at 90%. That way the offspring of Buffett, Soros and all other 'richies' be required to work rather than repeatedly visit Vegas and Palm Beach.
Simplecaveman Wrote: Dec 04, 2012 2:32 PM
You should do stand up (......used to pay down the National Debt).
OBAMA-DRAMA Wrote: Dec 04, 2012 2:29 PM
... and be solely used to pay down the National Debt rather than fund current social programs or new ones.

Yesterday evening we reported the details of House Republicans' "fiscal cliff" compromise offer to the White House, which offered real ideological concessions, to the tune of $800 Billion in new revenues.  The plan -- originally conceived last year by the Democratic co-chairman of the debt commission, Erskine Bowles -- also calls for the reduction of both discretionary and mandatory spending, making needed (albeit small-ball) reforms to the largest drivers of our debt.  Unlike the president's risible, widely-panned proposal last week, Republicans' new negotiating posture offers genuine compromise: (a) It has bipartisan origins, (b) it achieves "balance," (c) it...