Obama’s fair and balanced proposal.
Ξ November 30th, 2012 | → | ∇ DOJ: Eric Holder, MSM, corruption, demwits, economy, lying media, obami, personal, politics, taxes |
Jack says … let the auto spending cuts and tax hikes kick in.
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 Republican resistance. In exchange for locking in the $1.6 trillion in added revenues, President Obama embraced $400 billion in savings from Medicare and other entitlements, to be worked out next year, with no guarantees.
Granted if we go over the fiscal cliff it will be painful for all americans. Upside it will at least address the fiscal problems and not make things worse in the long run.
Everyone says the republicans will be blamed. Well guess what? No matter what happens if it’s not good the republicans will be blamed. So let’s get blamed for something we did.
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