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Old 01-01-2013, 08:37 PM
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House Passes Fiscal Deal

It's done.

Please read this story and if you have additional news about this deal, share your creditable source with your response.

Quote:

WASHINGTON — House Republicans, fearful of blame and political recrimination for looming tax increases on most Americans, reversed course on Tuesday and cleared the way for House approval of a measure that would avert most of the increases as well as large cuts in spending for the Pentagon and other government programs.

The decision to allow the vote came despite widespread scorn among House Republicans for the bill — passed overwhelmingly by the Senate in the early hours of New Year’s Day — because it does not include significant spending cuts in health and social programs. They say cuts are essential to any long-term solution to the nation’s debt.

But with options shrinking just two days before the beginning of a new Congress, House leaders made one of the biggest concessions of the party’s rebellious past two years and let the measure move forward. They wanted to avoid being seen as the...
Continued at: http://www.nytimes.com/2013/01/02/us...obal-home&_r=0

Your thoughts on the deal?
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Old 01-01-2013, 08:48 PM
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It would not have helped to see the stock markets tank as everyone's taxes increased. Now we have a good feeling going into 2013 as it should be, and it is wonderful the two parties got together on this. We need more of this. Stop blaming each other and start talking about the wonderful future that is possible as we stop focusing on problems and talking about solutions!
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Old 01-01-2013, 09:06 PM
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Wouldn't it be nice to see a decision based of something good for the "people" instead of something good for the party....?
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Old 01-02-2013, 05:40 AM
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Unless there is a hidden "gotcha" in the Senate bill that I failed to find, it was the right thing to do at this time. They can now wait until March to start the process all over.

What a bunch of winners we have there!


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Old 01-04-2013, 12:46 PM
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Watch this:

Obama backers paying their 'fair share'? Deep-pocketed donors ducking tax payments

http://video.foxnews.com/v/2073209663001/

Cronyism at his best! No wonder why both political parties are in full radicalization mode.
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Old 01-04-2013, 06:13 PM
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Want to know how they voted the fiscal deal in Senate? Watch this

[YT]-mIYFT2U51s[/YT]
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Old 01-05-2013, 11:41 AM
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Quote:
http://www.washingtonpost.com/blogs/...ter-explained/

What is the sequester?

It’s a package of automatic spending cuts that’s part of the Budget Control Act (BCA), which was passed in August 2011. The cuts, which are projected to total $1.2 trillion, are scheduled to begin in 2013 and end in 2021, evenly divided over the nine-year period. The cuts are also evenly split between defense spending — with spending on wars exempt — and discretionary domestic spending, which exempts most spending on entitlements like Social Security and Medicaid, as the Bipartisan Policy Center explains. The total cuts for 2013 will be $109 billion, according to the new White House report.

The cuts are also evenly split between defense spending — with spending on wars exempt — and discretionary domestic spending,



not sure what the Republicans are saying about negotiating now for spending cuts - to raise the debt ceiling ?

the Administration preserved the sequester and seems quite content with its implementation ... the sooner the better.
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