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Surreal: Obama's Fiscal Cliff Proposal Stuns Washington

theabnranger Wrote: Dec 01, 2012 10:54 AM
The Congress must decide when the debt ceiling shall be raised. The Constitution demand sthat the Congress--especially the House--control the purse strings. That is NOT rightfully within the purview of the Presidency.

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...