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Surreal: Obama's Fiscal Cliff Proposal Stuns Washington

usmcpgw Wrote: Nov 30, 2012 12:25 PM

Poverty rate, individuals 13.2% 14.3% 8.3% People in poverty in U.S. 39,800,000 43,600,000 9.5% U.S. Rank in Economic Freedom World Rankings 5 9 n/a Present Situation Index 29.9 23.5 -21.4% Failed banks 140 164 17.1% U.S. Dollar versus Japanese yen exchange rate 89.76 82.03 -8.6% U.S. Money supply, M1, in billions 1,575.1 1,865.7 18.4% U.S. Money supply, M2, in billions 8,310.9 8,852.3 6 .5% National debt, in trillions $10.627 $14.052 32.2% 14 Post Comment U.S. Money supply, M1, in billions 1,575.1 1,865.7 18.4% U.S. Money supply, M2, in billions 8,310.9 8,852.3 6 .5% National debt, in trillions $10.627 $14.052 32.2%

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Surreal: Obama's Fiscal Cliff Proposal Stuns Washington

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...