Fiscal Cliff Deal: $1 in Spending Cuts for Every $41 in Tax Increases

Breitbart's Big Government ^ | December 31, 2012 | Matthew Boyle

[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...

[ScottinVA]

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?

[AlexW]

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.

[Steve0113]

The final bill providing for spending cuts is probably only decades away.

Right after the checks start bouncing.

[Buddy Sorrell]

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.

[sten]

GOPe showing us how the pros handle the situation

seriously, why bother even showing up

[dinodino]

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

[AmericanInTokyo]

It’s over. Essentially.

[central_va]

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.

[VRW Conspirator]

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.

[KarlInOhio]

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.

[liberalh8ter]

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.

[Psalm 73]

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.....

[The Great RJ]

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.

[KeyLargo]

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

[eyedigress]

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.

[RC one]

: (

[Psalm 73]

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.....

[RC one]

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.