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Subscribe to RSSEarlier this morning, we wrote that -- after last night's House GOP failure to pass "Plan B" -- the White House and Congress essentially have three remaining options:
1. The White House and the Senate (both Majority Leader Harry Reid and Minority Leader Mitch McConnell) work on a quick fix -- like raising rates on income above $250,000 -- that they can force through the House.
2. President Obama still tries to strike a grand bargain, now holding more leverage.
3. We go over the cliff.
Going over the cliff -- which NBC's Mike Viqueira dubbed "the inertia option -- looks like the most likely option. In fact, here's what Viqueira wrote earlier this month:
For what it’s worth, I am in the camp that says they go over the cliff. I don’t see how Boehner puts a bill on the floor that raises rate on anyone. The party would explode, which might be what POTUS has in mind.
In Boehner’s mind, I think it’s better to come back after Jan. 1 and vote to cut them back to where they were, with the top earners going up. Inertia is a driving force in this scenario.
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It looks like the elephants and the donkeys are taking their vacations and allowing the ZOO KEEPERS to FALL off the CLIFFS. This PROVES one thing. THE SYSTEM IS BROKEN. OUR REPRESENTATIVES do not represent OUR WISHES according to the constitution. ITS TAXATION without REPRESENTATION.
ALL our representatives went on vacation without giving their citizens one moments thought. This is one massive power failure and the lights will not come on until well after January 1,2013. Millions will loose billions of dollars because our Politicans put themselves FIRST and the people LAST. ITS HAPPY HOLIDAYS for THEM animals who want to punish the zoo keepers.BUT please REMEMBER TO VOTE NEXT ELECTION DAY.MAKE sure you look at the animals (representatives) voting record.LETS ALL CUT THIER PAY 25% for POOR PERFORMANCE.
The joke is on us and we recieve a big bag of coal for xmas. They are bickering about tax cuts for the filthy rich. WHY CAN'T THEY SPEND 1 TRILLION DOLLARS IN ANNUAL TAX REVENUE RESPONSIBLY? 683 BILLION FOR OUR DEFENSE IS OVER SPENDING ! LOOK at the accountant books and put them all with MADOFF. not to know the truth is plain stupid.
I have been working for 49 years and paying taxes, I was doing fine before the tax cuts and will if we keep them or not. So if the taxes are raised from the lowest rates since the 1920's I will keep paying my taxes and wo
n't be crying about it. To President Obama no more kicking the can with short term deals. GET THE ECONOMIC REFORM BILL DONE NOW!!!
george-2057251
because Republicans don't rely on the Truth or the Facts, they are all brainwashed sheep being lead to the slaughter with promises of abortion bans but instead they get MORE SUPPORT GOING TO THE RICH, they need to wake up, this is exaclty why their party is falling apart, which I would be happy only if they weren't right at such a critical moment!
When it gets right down to it both parties are to blame...why? simple! Neither side has given an inch...The law that will take effect on 1 Jan was signed by Obama...he could have vetoed it, but did not...then there are the 20 new taxes in Obamacare which will continue to take effect...one good one...several Dems have finally read Obamacare and realized that the tax on medical devices will hurt the economy, and cause job lose in America...so maybe there is a chance for some good news..
It is the best option for Obama because he built the Cliff and he does not have to explain either way why there are no jobs even if there is or is not an agreement. In addition, like Mr. Mao his press will blame the republicans. Was Carl Marx correct? Will Hillary Clinton escape testimony and the president evade the killing of Americans because of his Gun Running and the DOJ become the head of his Communistic party. Hope he has a nice holiday while the really poor and uneducated continue to be misled as we were in China under Mao. As the Chinese became enslaved by the China Dictators the Poor and blacks will become enslaved by their Black Masters and caucuses. The Lation communities in which we belong will continue to suffer from lack of Education and jobs for Citizens. Does America really want Soros and the EU? One party of ultra liberals as bad as another of ultra rights? The only worse is radical muslums and athiests that have no tolerance of anyone else but themselves and their own agendes. I wish some of you could have lived under Mao and were educated by the non-educated. American is already on a Cliff and the President knows he built and has not one solution but to blame others while he has his Large Christmas Party. UGH.
Actually the Fiscal Cliff was the work of Republicans. It was their idea in order to continue "getting another bite at the apple" when they thought they had the upper hand on Democrats. Also, it won't be President Obama blaming Republicans, it'll be the American people. The Polls already show that.
You were there when the Communists took over China? "As we were in China under Mao."
The president wanted the cliff, he needs the tax money to pay back the unions, Wallstreet and Green company cronies who help him get re-elected. This is in addition to all the tax in Obamacare too. He will own this disaster and we all will suffer especially the poor.
Quite complaining,the tax cuts ,payroll tax cus where all temp. Anyway.
Unemployment forever needs to go as well
Merry cliff as parasites of tax cuts ect
Now get ready for reality
Funny howmthemrepublicons on welfare don't want the tax cuts to expire,,losers
Why would a Republican voter be on welfare? Illogical.
If we go over the cliff (or slope), Obama will have more taxpayer money for Obamacare and other welfare programs. For those in the 47% who will now have to pay some taxes, Obama can increase their welfare. It's a win-win for Obama, and he claim he brought the GOP to its knees and made the wealthy pay more taxes.
i think we should get rid of everyone that does anything to do with the cliff I bet we could have fixed the budget.
Its time to pay more chumps
All the republicons need to get off the tax cut welfare
Want to fix the fiscal situation easily
First cut aid to egypt , and other middleeastern nations, that will save hundreds of billions of dollars
Second , cut off all aid to russia , they have issues with americans , great they dont need our money.
as far as new bill in russia prohibting american adoption great, there are too many children in US that need adoption
Finally cut all aid to africa , another few hundred billion dollars
You have no idea what you are talking about. People like you just make this worse.
Less than 2% of the budget is in foreign aid.
Is our deficit less than 2% of the budget?
exactly arch !!!!!!!!!!!!
america's politicians are so dumb and destroying america !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
but, the people keep re-electing them and rewarding their bad behavior...
just goes to show so many americans are not too bright !!!!!!!!!!!!!!!!!!!!!!!!
See Gonzales v. O Centro Espirita Beneficente Uniao do Vegetal, 546 U.S. 418 (2006).
What in the hell is that fiesty redheaded hooker talking about? I read a story of going over the fiscal cliff and the hooker is writing posts about the NRA? I say go over the cliff let oblamu and his dimowits take the blame they want to play Robin Hood ok with me! Let them, America is about to default because of intitlement spending that is not in the Constitution so oblamu wants to tax the rich their are more rich dimowits than Republicans, yep all you dimwits sooner than later you wont have rich you will have all poor because you illegally took all the rich had and sooner than later ovomit can bow down in the lap of the red chinese leader!
Going over just makes matters worse. Sure raise my taxes, while your at it increase spending. The debt continues to rise. These dopes In DC don't care, they just want to cover their collective a$$es. Led by the LIAR Obama who is an expert at the blame game, go golf you jerk, you aren't leading. This country is going down the tubes.
Cutting his vacation short. A lot of people will say:boy he means well: This is his job as leader of a nation. He should not have gone to begin with just like congress. That shows you they do not give a rat ass about us the people. How can we convince them? I need answers!!!