Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

Skip to comments.

Fiscal Cliff Deal: $1 in Spending Cuts for Every $41 in Tax Increases
Breitbart's Big Government ^ | December 31, 2012 | Matthew Boyle

Posted on 01/01/2013 12:58:59 AM PST by 2ndDivisionVet

According to the Congressional Budget Office, the last-minute fiscal cliff deal reached by congressional leaders and President Barack Obama cuts only $15 billion in spending while increasing tax revenues by $620 billion—a 41:1 ratio of tax increases to spending cuts.

When Presidents Ronald Reagan and George H.W. Bush increased taxes in return for spending cuts—cuts that never ultimately came—they did so at ratios of 3:1 and 2:1.

“In 1982, President Reagan was promised $3 in spending cuts for every $1 in tax hikes,” Americans for Tax Reform says of those two incidents...

(Excerpt) Read more at breitbart.com ...


TOPICS: Business/Economy; Government; Politics
KEYWORDS: 112th; boehner; fiscalcliff; obama; taxes
If it isn't time for a third party, when will it be?
1 posted on 01/01/2013 12:59:07 AM PST by 2ndDivisionVet
[ Post Reply | Private Reply | View Replies]

To: 2ndDivisionVet

Words fail.....


2 posted on 01/01/2013 1:40:23 AM PST by dragonblustar (Allah Ain't So Akbar!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 2ndDivisionVet

has the house agreed to it yet?


3 posted on 01/01/2013 1:44:07 AM PST by RC one (From My Cold Dead Hands.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 2ndDivisionVet

“If it isn’t time for a third party, when will it be? “
___________________________________________________

Never, as long as you have an idiot public that has been dumbed down to moron level.
Over 50 percent of the idiots think Obumbo is just swell, and they will, no doubt, welcome the new USSA.

You guys better start looking offshore for a new life.
America is not coming back from the abyss, at least not in your lifetime.


4 posted on 01/01/2013 1:55:20 AM PST by AlexW
[ Post Reply | Private Reply | To 1 | View Replies]

To: 2ndDivisionVet

Not to worry.. This vote was only for a stop-gap measure. The final bill providing for spending cuts is probably only decades away.


5 posted on 01/01/2013 2:02:29 AM PST by Lancey Howard
[ Post Reply | Private Reply | To 1 | View Replies]

To: 2ndDivisionVet
The tax increases, as scored, were 1/5th of the the fiscal cliff tax increases: $600 billion over ten years, instead of $3 trillion. They will cut the deficit by 5%. That is a drop in the bucket.

The expense reductions will come two months from now, when the debt ceiling negotiations and the sequester coincide. That is now the next cliff.

If the House lets us go over that cliff, then the total cuts are $3 trillion and the additional revenue is $600 billion. That cuts the deficit by 30% over ten years, with 83% of the reduction coming from spending cuts. Along the way, of course, essential items will be added back to the Defense budget.

This is looking like a good deal. Just send us over the cliff in March!

6 posted on 01/01/2013 2:04:46 AM PST by Kennard
[ Post Reply | Private Reply | To 1 | View Replies]

To: AlexW
America is not coming back from the abyss, at least not in your lifetime.

Agreed. The parasites outnumber the hosts now, and there's no going back.
America is dead. The Democrats have won.

7 posted on 01/01/2013 2:05:06 AM PST by Lancey Howard
[ Post Reply | Private Reply | To 4 | View Replies]

To: 2ndDivisionVet

No such thing as cuts in spending.


8 posted on 01/01/2013 2:15:52 AM PST by fortheDeclaration (Pr 14:34 Righteousness exalteth a nation:but sin is a reproach to any people)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Lancey Howard

“Agreed. The parasites outnumber the hosts now,”
________________________________

Yes, Lancy...we are both long term FReepers, and we have seen the destruction of America over the last 15-20 years, and we see no turning back. Each day just seems to go from bad to worse in the Obamination.
Obama makes Slick Willy seem like a decent American. That just how disgusting he is.


9 posted on 01/01/2013 2:16:11 AM PST by AlexW
[ Post Reply | Private Reply | To 7 | View Replies]

To: 2ndDivisionVet

Was talking to a group people. They were talking about the “fiscal cliff” .They said that the Congress didn’t do anything blah blah blah. They were so worried etc. I interrupted and asked ok anyone who can tell me what is the fiscal cliff I’ll give $1 to. Not a single idiot knew .the media has everyone brainwashed . it’s no cliff . it’s just a media ploy to destroy the GOP . Do the Congressmen even know what it the stupid media’s “fiscal cliff”


10 posted on 01/01/2013 2:38:13 AM PST by Democrat_media (media makes mass shooters household names to create more & take our guns)
[ Post Reply | Private Reply | To 1 | View Replies]

To: AlexW
the news media works hand in hand with the dictator Obama and the democrats. We wouldn't be in this mess and that kenyan wouldn't be president if it weren't for the news media. No dictator ever had a media as powerful as the U.S. new media on his side
11 posted on 01/01/2013 2:40:33 AM PST by Democrat_media (media makes mass shooters household names to create more & take our guns)
[ Post Reply | Private Reply | To 9 | View Replies]

To: 2ndDivisionVet

Socialism Is Legal Plunder - Frederic Bastiat

http://www.usdebtclock.org

BIG GOVERNMENT IS CRONY SOCIALISM


12 posted on 01/01/2013 2:44:18 AM PST by PGalt
[ Post Reply | Private Reply | To 1 | View Replies]

To: AlexW

I’m counting the days, Alex.

Unfortunately they can’t come soon enough.

After the character assassination of Sarah Palin, Joe the Plumber and other good Americans, the media knew they could get away with anything — including getting an incompetent boob bent on destroying the country elected as POTUS.

Twice.

They are now more power-mad than ever.

A media that spent more ink and air time on Dan Quayle misspelling a word than the murders of 4 Americans in Benghazi.


13 posted on 01/01/2013 2:48:12 AM PST by Rodney Dangerfield ("Don't ya just hate waiting in line at the Post Office? - Just wait until ObamaCare is implemented.")
[ Post Reply | Private Reply | To 4 | View Replies]

To: Democrat_media

“the news media works hand in hand with the dictator Obama and the democrats”
_______________________________________

Well, of course. The Communist have taken over education and media. There are no other structures that are so vital to them.
Did you ever listen to the old Radio Moscow, or even much worse, Radio Albania, where every sentence had the term “Marxist-Leninist?
FOX seems to be the only thin line of objective journalism, and they are on thin ice.


14 posted on 01/01/2013 2:52:45 AM PST by AlexW
[ Post Reply | Private Reply | To 11 | View Replies]

To: Rodney Dangerfield

“I’m counting the days, Alex.”
_______________________________

Yes Rodney...the sooner the better.


15 posted on 01/01/2013 2:56:18 AM PST by AlexW
[ Post Reply | Private Reply | To 13 | View Replies]

To: AlexW
I think it goes even further. The news media create the reality we live in .And it is a false reality. for example the media put it into eveyrone’s head that if the gOP didn't make a deal then the country would go over a cliff. but no one even knows what that means what cliff. the media have absolute power.The U.S.A is a dictatorship. And the media are the dictators. The news media controls the U.S.A totally,.Can anyone deny that?

I mean what the news media decrees then that is what is done. the media came up with this “fiscal cliff” bs and all the stupid public and all the stupid Senators vote to avoid this great cliff. does anyone know how we are going over some cliff? do any of them ? NO. Well a handful of Senators didn't , Rubio among them has sense but that is abysmal. there is no damn cliff. just don't vote for that stupid deal so what would we fall of some cliff? NO.

16 posted on 01/01/2013 2:59:54 AM PST by Democrat_media (media makes mass shooters household names to create more & take our guns)
[ Post Reply | Private Reply | To 14 | View Replies]

To: 2ndDivisionVet

Music to read this thread by...

http://www.youtube.com/watch?v=NRe42BDK_R4


17 posted on 01/01/2013 3:00:06 AM PST by PGalt
[ Post Reply | Private Reply | To 1 | View Replies]

To: 2ndDivisionVet

So, they basically were spending all this time digging a trench at the bottom of the fiscal cliff.


18 posted on 01/01/2013 3:08:24 AM PST by green pastures (Cynicism-- it's not just for breakfast anymore...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: dragonblustar

Words fail.....

The word is “balanced”. Those mean Republicans were trying to take an axe instead of a scalpel to the budget, but fortunately for us Obama insisted on a balanced approach. /S


19 posted on 01/01/2013 3:10:20 AM PST by paint_your_wagon
[ Post Reply | Private Reply | To 2 | View Replies]

To: 2ndDivisionVet

Capitulation... so easy, even a CAVE-man can do it.

We knew this was coming. All along.


20 posted on 01/01/2013 3:11:51 AM PST by ScottinVA (More dizzying than a Tilt-a-Whirl is an around-a-circle argument with a liberal about gun control.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 2ndDivisionVet

Exactly. The GOP isn`t going to win a Presidential election again, so why not let the party go the way of the Whigs and the conservative movement reconstitute into something better? If not now.. when?


21 posted on 01/01/2013 3:15:32 AM PST by ScottinVA (More dizzying than a Tilt-a-Whirl is an around-a-circle argument with a liberal about gun control.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Democrat_media

Even from afar, I have heard tha dam* term “fiscal cliff” so
many times, I want to puke.
It is just psychobabble . With the double election of Obumbo, the US has gone over every cliff imaginable.
FOX is my only US news TV, and I am about sick of watching even them.
I can not even imagine how bad the others, CNN and PMSNBC must be, not to mention the broadcast networks.


22 posted on 01/01/2013 3:19:43 AM PST by AlexW
[ Post Reply | Private Reply | To 16 | View Replies]

To: Lancey Howard
The final bill providing for spending cuts is probably only decades away.

Right after the checks start bouncing.

23 posted on 01/01/2013 4:10:47 AM PST by Steve1789 (I miss having a president who loves this country.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: AlexW
Never, as long as you have an idiot public that has been dumbed down to moron level.

The majority of people living here have been indoctrinated by the government schools and the media. They have been taught that they are not responsible for their own actions and to rely on government to solve all of their problems. They cannot comprehend anything beyond instant gratification.

24 posted on 01/01/2013 4:39:20 AM PST by Buddy Sorrell ( Boehner, our Vichy Speaker)
[ Post Reply | Private Reply | To 4 | View Replies]

To: 2ndDivisionVet

GOPe showing us how the pros handle the situation

seriously, why bother even showing up


25 posted on 01/01/2013 5:30:02 AM PST by sten (fighting tyranny never goes out of style)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 2ndDivisionVet

DID BOEHNER ET AL. AGREE TO THIS!??? DISGUSTING!


26 posted on 01/01/2013 5:31:40 AM PST by dinodino
[ Post Reply | Private Reply | To 1 | View Replies]

To: Buddy Sorrell

It’s over. Essentially.


27 posted on 01/01/2013 5:37:41 AM PST by AmericanInTokyo (SMASH the 2nd Amendment & SURE, FedGov can come possess their guns. But it'll get their ammo first.)
[ Post Reply | Private Reply | To 24 | View Replies]

To: 2ndDivisionVet
We are in the Bread(EBT) and Circuses(NFL)™ phase of the republic's downfall.

"Bread and Circuses" (or bread and games) (from Latin: panem et circenses) is a metaphor for a superficial means of appeasement. In the case of politics, the phrase is used to describe the creation of public approval, not through exemplary or excellent public service or public policy, but through diversion; distraction; or the mere satisfaction of the immediate, shallow requirements of a populace, as an offered "palliative." Juvenal decried it as a simplistic motivation of common people. The phrase also implies the erosion or ignorance of civic duty amongst the concerns of the common man.

28 posted on 01/01/2013 5:38:03 AM PST by central_va ( I won't be reconstructed and I do not give a damn.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Democrat_media
the media came up with this “fiscal cliff” bs and...

Agreed. We did not hear one peep about the "fiscal cliff" until just after the election. The term fiscal cliff invokes fear for the purpose of manipulating those who cannot get their brain out of first gear.

29 posted on 01/01/2013 6:18:21 AM PST by VRW Conspirator (We were the tea party before there was a tea party. - Jim Robinson)
[ Post Reply | Private Reply | To 16 | View Replies]

To: 2ndDivisionVet

Before the election, anti-tax conservatives were regularly asked by members of the news media if they would accept $10 of cuts for every $1 of tax increases. So this grand deal is 410 times worse than those suggestions. And I don’t believe for a second that Boehner and McConnell will put up any more real fight when the debt ceiling is increased.


30 posted on 01/01/2013 6:20:11 AM PST by KarlInOhio (I'm tired of being beaten like a malcontent elf so Obama can pretend to be Santa.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 2ndDivisionVet
Republicans should propose the $40 difference come directly from welfare, section 8 and food stamp funds. Then we can sit back and watch the Obama voters as they try and dislodge their heads from their keesters to take a sudden interest in the deficit issue.
31 posted on 01/01/2013 6:34:50 AM PST by liberalh8ter (If Barack has a memory like a steel trap, why can't he remember what the Constitution says?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RC one

House will never accept this - Boehner will cry - but they reject anyway.

House Repubs need to hit the media with full-court press:
Op-eds in every paper - hit every radio talk and TV news - etc.....


32 posted on 01/01/2013 6:48:14 AM PST by Psalm 73 ("Gentlemen, you can't fight in here - this is the War Room".)
[ Post Reply | Private Reply | To 3 | View Replies]

To: 2ndDivisionVet
Of course this fact will be lost on the low information voters that re-elected Obama. We are seeing the beginning of the end of the United States. In four years Obama will tear up the Constitution, declare himself President for life and run the country as a failed Marxist state little different than Venezuela or East Germany.
33 posted on 01/01/2013 7:12:56 AM PST by The Great RJ
[ Post Reply | Private Reply | To 1 | View Replies]

To: 2ndDivisionVet

Newsmax
Norquist Throws His Support Behind Biden-McConnell Plan
Monday, December 31, 2012 08:46 PM

By: Todd Beamon

Grover Norquist, the influential president of Americans for Tax Reform, said he would support a plan, negotiated by Vice President Joe Biden and House Minority Leader Mitch McConnell, to resolve the fiscal cliff drama.

“This is progress in terms of making most of the Bush tax cuts permanent,” Norquist told CNN. “Is it enough? No. Does it do anything on spending? No. But that’s what the next four years are going to be.

“The next four years will be about clawing back the overspending of the Obama years — and now we need to get the spending down,” he added. “The problem is too much spending, not too little taxes, and now we turn our attention to spending cuts.”

http://www.newsmax.com/Headline/Norquist-Biden-McConnell-support/2012/12/31/id/469608


34 posted on 01/01/2013 8:38:54 AM PST by KeyLargo
[ Post Reply | Private Reply | To 1 | View Replies]

To: AlexW

I have heard enough.
Hello America how are ya,
Don’t cha know me I’m you’re native son

I’m riding on the City of Don’t Give a Damn
I’ll be gone 500ft when the day is done.


35 posted on 01/01/2013 9:56:55 AM PST by eyedigress ((zOld storm chaser from the west)/?)
[ Post Reply | Private Reply | To 22 | View Replies]

To: Psalm 73

: (


36 posted on 01/01/2013 8:17:09 PM PST by RC one (From My Cold Dead Hands.)
[ Post Reply | Private Reply | To 32 | View Replies]

To: RC one
I'm saddened also - but check out Yuval Levin's post on National Review Online - "The Corner".

Not as bad as it 1st appears. It's bad, but Yuval gives it some perspective - so now I'm not looking to slit my wrists just yet.....

37 posted on 01/02/2013 3:57:39 AM PST by Psalm 73 ("Gentlemen, you can't fight in here - this is the War Room".)
[ Post Reply | Private Reply | To 36 | View Replies]

To: Psalm 73

It looks like the 2% raise I got last month will be gone next month. I hope the parasite that gets it doesn’t spend it all on weed.


38 posted on 01/02/2013 5:37:38 AM PST by RC one (From My Cold Dead Hands.)
[ Post Reply | Private Reply | To 37 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson