Deal in sight?

[dan_bgblue]

Leaks from the hill think so. (http://news.yahoo.com/ap-sources-fiscal-cliff-deal-emerging-172515776--finance.html)

But even with this fight not finished, Obama warned Republicans, specifically, about the battles still ahead. He said he would not accept any debt-reduction deals in the new year that rely on slashing spending without raising taxes, too. Cuts alone won't happen anymore "at least as long as I'm president, and I'm going to be president for the next four years."

[KeithKSR]

Obama is lock step with his tax and spend philosophy. Clueless.

[CitizenBBN]

Obama is lock step with his tax and spend philosophy. Clueless.

I've never seen anyone so committed to that approach. Normally that phrase is applied with a broad brush, to someone like a Carter or Mondale. The scale of what they proposed, and the relative balance of it, is so far from Obama those guys like like Goldwater conservatives.

They were Democrats. This guy is a party line Western European socialist.

[KeithKSR]

I've never seen anyone so committed to that approach. Normally that phrase is applied with a broad brush, to someone like a Carter or Mondale. The scale of what they proposed, and the relative balance of it, is so far from Obama those guys like like Goldwater conservatives.

They were Democrats. This guy is a party line Western European socialist.

He is Marxist to the core.

[Doc]

He is all for tax increases but not so much for cutting spending. The GOP has been burned time and time again with false promises of cuts that they will be fools to accept anything that entails future cuts because they never happen

[CitizenBBN]

The "deal" is to hold the tax rates for everyone below $450K and put off any real tough decisions (spending cuts) for 2 months, which of course ties in with the debt ceiling.

Not sure the House will vote for this or not. The tax side is what Bohner tried to bring to the floor and pulled it b/c he didn't have the votes. He can pass it with the Dems but will he?

Looks like it'll be $620 billion in new taxes, $15 million in net spending cuts. They're kidding, right? Please tell me they're kidding.

If I were in the House I wouldn't vote for it. Just b/c the GOP is willing to ask how high every time Obama says jump b/c they're afraid of the dire consequence he's playing against them doesn't mean I'll do it. Continuing this course is more dire than anything that will happen from not passing this bill.

The real battle is the debt ceiling and if they give one vote on it they should be impeached.

[Doc]

Absolutely. Sealing the debt is the battle that needs to be fought. Doing so forces a balanced budget because we won't overspend. Failing to raise it won't cause the earth to shift off its axis or make dogs sleep with cats