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Surreal: Obama's Fiscal Cliff Proposal Stuns Washington

Resist, We Much!!! Wrote: Nov 30, 2012 3:34 PM
“The president initially has it about right, at the ($250,000 level),” Steny Hoyer said, following a speech at the Center for American Progress. “But I would be prepared to go lower at some time in the future than that.”

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...