We just keep digging deeper and deeper. The people that said we should have went over the cliff were right. This ‘deal’ is a joke.
(Washington Times)The “fiscal cliff” deal that was designed to save money actually includes $330.3 billion in new spending over the next decade, according to the official estimate the Congressional Budget Office released Tuesday afternoon.
CBO said the bill contains about $25.1 billion in new cuts, but those are swamped by the new spending on extended unemployment benefits for the long-term jobless and other new refundable tax credits that President Obama fought for.
Apparently there are a few GOP members that really do value their conservative principles.
Officially, GOP leadership has not made a decision what to do with the Senate-passed tax hike bill, which the Senate passed overwhelmingly shortly after 2 a.m. But in a real sign of trouble, House Majority Leader Eric Cantor, No. 2 in House leadership, came out in opposition to the package.