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

  1. -41
    Spesh's Avatar

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    House Speaker John Boehner couldn’t hold back when he spotted Senate Majority Leader Harry Reid in the White House lobby last Friday.

    It was only a few days before the nation would go over the fiscal cliff, no bipartisan agreement was in sight, and Reid had just publicly accused Boehner of running a “dictatorship” in the House and caring more about holding onto his gavel than striking a deal.

    “Go f— yourself,” Boehner sniped as he pointed his finger at Reid, according to multiple sources present.

    Reid, a bit startled, replied: “What are you talking about?”

    Boehner repeated: “Go f— yourself.”

    The harsh exchange just a few steps from the Oval Office — which Boehner later bragged about to fellow Republicans — was only one episode in nearly two months of high-stakes negotiations laced with distrust, miscommunication, false starts and yelling matches as Washington struggled to ward off $500 billion in tax hikes and spending cuts.

    Alright, ive been kicking the "compromise" dead horse, but this was damn amusing

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  2. -42
    Dolphins9954's Avatar
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    Quote Originally Posted by phins_4_ever View Post
    Yeah, but what if the house went into foreclosure because you didn't pay your rent in full and the guy had a loss of income?

    There is no tax increase. The tax reduction under Bush was temporary from the get go. It was always supposed to go back. The SS reduction was also temporary. It is nothing else than going back to the old rates.

    Tax revenue alone will never solve the debt issue. Only revenue and cuts. And yes the defense budget has to be cut. Write your GOP senator on that issue.

    ---------- Post added at 04:51 PM ---------- Previous post was at 04:51 PM ----------

    You are making to much sense.

    The point is the landlord and government aren't being responsible with the money given to them. No matter what I still pay my rent or taxes. The problem is what happens with that money afterwards. Not cutting any spending and not using any new tax revenue to pay down the deficits and debt is not a sound plan at all. And don't try to pawn off the military budget on the GOP. Obama and the Dems are just as much of a whore to the military industrial complex as Bush and the GOP.

    "Politics is the Art of Looking for Trouble, Finding it Everywhere, Diagnosing it Incorrectly, and Applying the Wrong Remedies"
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  3. -43
    bigguy1381's Avatar

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    Obama/Republicans reach deal on new budget before Fiscal Cliff


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  4. -44
    Eshlemon's Avatar
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    From CBS of all places...

    "Fiscal cliff" bill had some hidden pork

    (CBS News) The "fiscal cliff" law passed so quickly, many in Congress never realized it was full of special interest tax breaks, one of which allows auto racetrack owners to speed up their tax deductions

    All told, the fiscal cliff law designed to reduce the deficit, added $74 billion in spending through changes in the tax law.

    4 Surprise perks in the "fiscal cliff" deal

    An extension of the excise taxes on rum produced in Puerto Rico and the Virgin Islands, which are mostly returned to the territories. Estimated cost: $222 million.
    An extension of tax deductions for Hollywood to boost film and TV production in the U.S. Estimated cost: $430 million.
    An extension of a "7-year cost recovery period" for NASCAR-type racing complexes. Estimated cost: $70 million.
    An extension of a tax credit on the purchase of "2- or 3- wheeled plug-in electric vehicles." Estimated cost: $4 million.

    ...throw in the another possible 30+ billion from Sandy Pork Bill which while the House majority has stated won't pass but will a $27 billion Sandy Relief Bill won't hold by breath over that happening...puts icing on cake for a great start for the new year for the beltway pigs.
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