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Thread: Obama/Republicans reach deal on new budget before Fiscal Cliff

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    Locke's Avatar
    They looked like strong hands.

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    Obama/Republicans reach deal on new budget before Fiscal Cliff

    President Obama and Senate Republicans reached a sweeping deal late Monday that would let income taxes rise significantly for the first time in more than two decades, fulfilling Obama’s promise to raise taxes on the rich and averting the worst effects of the “fiscal cliff.”

    Vice President Biden arrived at the Capitol just after 9 p.m. to explain the details of the pact he negotiated with Senate Minority Leader Mitch McConnell (R-Ky.). A Senate vote on the package could be held by 10:30 p.m., beating a midnight deadline, Democratic aides said. The Republican-controlled House will begin considering the bill on Tuesday, with a final vote expected in the next day or two.
    https://socialreader.com/me/channels...ction_ref_map=[]

    And on that happy note, the wife and I are going to go get rowdy and enjoy our New Years. Be safe out there tonight guys...

    If I could take your pain and frame it, and hang it on my wall,
    maybe you would never have to hurt again...

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    Phinatic8u's Avatar
    FinHeaven's Elite

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    Cam Wake 91PS4 Controller2013 Dolphins Logo1972 Dolphins Logo
    Can't spin this in either direction..

    Good Job white house.



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    Dolphins9954's Avatar
    Pro Bowler

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    Wow didn't see that soap opera coming a mile a way. Kick the can down the road and act like everything is Kosher. The piper will collect eventually.





    "Politics is the Art of Looking for Trouble, Finding it Everywhere, Diagnosing it Incorrectly, and Applying the Wrong Remedies"
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    Spesh's Avatar
    8/31/14 Never Forget

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    Quote Originally Posted by Locke View Post
    https://socialreader.com/me/channels...ction_ref_map=[]

    And on that happy note, the wife and I are going to go get rowdy and enjoy our New Years. Be safe out there tonight guys...
    Dont believe it, this information fails on the most basic premise:

    Joe Biden is sober on New Years.

    Lemme know when something serious is going on.........
    "I'm not here to be a distraction," Pouncey said.
    http://espn.go.com/nfl/story/_/id/10...ogical-testing
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    Ilovemyfins4eva's Avatar
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    this is not a deal. this is just delaying the inevitable. these ****s had 13 months to figure something out and this is what they come up with?

    this solves nothing, as we will have the debt ceiling ( which we officially hit as of this morning) and we will have to deal with that come late feb or march, and that is a much bigger issue.

    this deal has 620 in tax hikes and 15 billion in spending cuts. that's 41 dollars of tax revenue for every dollar of spending cuts. sorry guys, even if it is passed, this is not a solution, and i wouldn't be shocked if the house rejects it because its ****. even if the house does approve, we still got tons of unsolved issues.
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    Spesh's Avatar
    8/31/14 Never Forget

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    A hard-fought bipartisan compromise passed in the Senate early Tuesday to spare all but the richest Americans from painful income-tax hikes teetered on the edge of collapse as angry House Republicans denounced its lack of spending cuts.

    While House Speaker John Boehner considered whether to bring the Senate-passed measure to the floor for a vote Tuesday, Majority Leader Eric Cantor told fellow Republicans in a closed-door meeting that he opposed the legislation negotiated by Vice President Joe Biden and Republican Senate Minority Leader Mitch McConnell and passed by the Senate 89-8 shortly after 2 a.m.

    Cantor told the group he could not back the bill in its current form, according to two officials in the room, which could leave open the possibility of an attempt to modify the package and send it back to the upper chamber. But Democrats there have signaled that changing the compromise risks killing it.

    A report released by the Congressional Budget Office Tuesday complicated matters further still. The nonpartisan group "scored" the Biden-McConnell compromise as likely adding nearly $4 trillion to the federal deficit over 10 years, hardening opposition among many Republicans seeking further spending cuts.
    http://news.yahoo.com/blogs/ticket/s...-politics.html

    Ah crap.
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    TheWalrus's Avatar
    1/7/14

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    Quote Originally Posted by Spesh View Post
    Eric Cantor. One hell of a guy.

    Once this thing blows up and the Republicans generally are blamed for what the House Republicans are doing, Cantor's going to be getting some fresh bags of poop in the mail from the Senate Republican leadership.

    A quote from a different Reuters story sums it up pretty well:

    "Everyone knows once the markets open tomorrow our courage drops in direct proportion to the market fall," said one Republican lawmaker who spoke on condition of anonymity.
    http://news.yahoo.com/u-heading-off-...-business.html

    If I'm Obama I'm pulling this deal off the table and going for even better terms every hour of the day tomorrow and the next day and however long it takes. I'm also prepping a nationally televised speech explaining this, holding up a picture of Cantor's face while the "fail horn" from the Price is Right plays over and over.
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    jared81's Avatar
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    Quote Originally Posted by TheWalrus View Post
    Eric Cantor. One hell of a guy.

    Once this thing blows up and the Republicans generally are blamed for what the House Republicans are doing, Cantor's going to be getting some fresh bags of poop in the mail from the Senate Republican leadership.

    A quote from a different Reuters story sums it up pretty well:



    http://news.yahoo.com/u-heading-off-...-business.html

    If I'm Obama I'm pulling this deal off the table and going for even better terms every hour of the day tomorrow and the next day and however long it takes. I'm also prepping a nationally televised speech explaining this, holding up a picture of Cantor's face while the "fail horn" from the Price is Right plays over and over.
    so you think raising taxes (adding to the debt by 4 trillion), and not cutting spending, is a good solution? Obama himself, said raising taxes in this economy was a bad idea. I hate to see what your bank account looks like if you think this is a good fiscal policy.
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    TheWalrus's Avatar
    1/7/14

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    Quote Originally Posted by jared81 View Post
    so you think raising taxes (adding to the debt by 4 trillion), and not cutting spending, is a good solution? Obama himself, said raising taxes in this economy was a bad idea. I hate to see what your bank account looks like if you think this is a good fiscal policy.
    Raising taxes doesn't add to the debt. It lowers it. Maybe you're a supply sider but I'm not so I don't buy the argument, though I can't honestly say that's the argument you were making.

    Raising taxes in a bad economy is generally a bad idea, I agree. But if you're making more than $250,000 (or $450,000, as the Senate deal specified) then you're not personally in a bad economy. You're doing just fine.
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    jared81's Avatar
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    Quote Originally Posted by TheWalrus View Post
    Raising taxes doesn't add to the debt. It lowers it. Maybe you're a supply sider but I'm not so I don't buy the argument, though I can't honestly say that's the argument you were making.

    Raising taxes in a bad economy is generally a bad idea, I agree. But if you're making more than $250,000 (or $450,000, as the Senate deal specified) then you're not personally in a bad economy. You're doing just fine.
    this bill raises revenue, but doesn't cut spending. That's my main issue. Our problem is spending, not taxes being too low. In a few weeks, the revenue raised by this tax increase will be spent. Hopefully, when it comes time to raise thr debt limit, the republicans won't raise it at all, or they need to at least serverly cut spending.
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