Fiscal Cliff Deal: $1 in Spending Cuts for Every $41 in Tax Increases

What Mitch McConnell negotiated with Biden — no wonder McConnell was unable to stop Obama from crippling the coal industry.

“According to the Congressional Budget Office, the last-minute fiscal cliff deal reached by congressional leaders and President Barack Obama cuts only $15 billion in spending while increasing tax revenues by $620 billion—a 41:1 ratio of tax increases to spending cuts.” [Brietbart]

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5 responses to “Fiscal Cliff Deal: $1 in Spending Cuts for Every $41 in Tax Increases

  1. And the problem is spending, not revenue.

  2. It is all about trickle-up poverty, and taxing the successful. Certainly a winning strategy . . . for making America into a third-world country.

  3. Tax the rich; feed the poor isn’t about helping the poor. It’s about destroying the rich.

  4. Westchester Bill

    There are trillions of dollars held in reserve my corpoations, banks,and rich people. Using those hoards as revenue makes a lot of sense. The fiscal state of the government is improved without affecting anybody’s standard of living. Regular folks have to pay the restoration of the cut in payroll taxes. That tax increase does hurt people, but us required.

    • You destroy the economy to prop the government a few months.

      The fiscal state of the government will is improved when the government stops spending so damn much.
      All else is nonsense.

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