Obama: pass the Senate bipartisan bill now ... tax and budget cuts will take too long to iron out
Obama wants Congress to extend existing tax rates for individuals making less than $200,000 a year and families with annual incomes of less than $250,000. He proposes raising rates for higher incomes as part a package of measures to close the budget gap.
The Congressional Budget Office has warned that if Congress doesn’t avert the fiscal cliff, the economy might slip into recession next year and boost the unemployment rate to 9.1 percent in the fourth quarter of 2013, compared with 7.9 percent now.
You libturds have not figured it out yet. We NEED to go over the fiscal cliff. ALL the Bush tax cuts need to expire to show you aholes that taxing your way to wealth will not work. Let everyone pay a price as there is no way to get enough money out of the 2% to even come close to a balanced budget. Take away the child credits...put the additional 2% back on from last year...make EVERYONE pay for the mistake of America to have elected big ears in the first place!!!!
unfortunately and unfairly Republicans will most likely be blamed for it. with the liberal media supporting Obama. The uninformed and ignorant masses will believe it. Its a sinister reality that liberals are very good at passing the blame. The thing they don't realize they may win the battle but in the end we all lose from it.