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Surreal: Obama's Fiscal Cliff Proposal Stuns Washington

wtmoore1 Wrote: Nov 30, 2012 10:50 AM
Too bad, what Republicans dub as "Keynesian" isn't even so. The deficit spending that Republicans consider so conspicuously Keynesian, isn't even what Keynes advocated--he only supported government spending during a recession AFTER a period of saving and surplus during growth. Sort of the Clinton model, if you will...

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...