3:08 PM A GOP counter offer to the White House includes $800B in new tax revenues (but without higher rates), and $1.4T in spending cuts. House Speaker Boehner calls the White House's original proposal a "la-la land offer."
We give, the government taketh away. The game is rigged, the bickering is actually the grand illusion of the two party system that makes you believe their opposed when in fact these buttheads are drinking buddies who work for business interests and wall st who fill their coffers. They are not for the people. If they were, their would be NO fiscal cliff,federal reserve,wars or lobbiests who pay off these corrupt officials. When will the Dumb Americans wake up to this fact? My guess is when it's too late.
Regardless, Barry was right that we should pass what everyone agrees on: tax cut extension for the middle class. Deal with the tough "safety net (entitlement)" issues with the new Congress. The lame ducks don't care one way or another.
President;s proposal was for $4 Trillion reduction while GOP's is for $2.2 Trillion. Thought I heard the same two numbers before:
Updated 3:25 p.m. ET -- Republicans offered up their own proposal to avert the impending “fiscal cliff” on Monday amid Democratic demands that the GOP match the Obama administration’s plan with one of their own.
In a letter to President Barack Obama, House Republican leaders outlined the contours of a deal they said would achieve a net savings of $2.2 trillion. The plan, which is based on fiscal commission Democratic co-chairman Erskine Bowles’s proposal to the super committee, would achieve these savings through revenue from tax reforms, health savings and discretionary spending cuts.