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.
When Presidents Ronald Reagan and George H.W. Bush increased taxes in return for spending cuts—cuts that never ultimately came—they did so at ratios of 3:1 and 2:1.
“In 1982, President Reagan was promised $3 in spending cuts for every $1 in tax hikes,” Americans for Tax Reform says of those two incidents. “The tax hikes went through, but the spending cuts did not materialize. President Reagan later said that signing onto this deal was the biggest mistake of his presidency.
“In 1990, President George H.W. Bush agreed to $2 in spending cuts for every $1 in tax hikes. The tax hikes went through, and we are still paying them today. Not a single penny of the promised spending cuts actually happened.”
Once again the lackey US press skips this. The report is from a BRITISH newspaper.
When will Americans wake up to this narcissist, ego driven, king fantasy president????
Xinhua is virtually the press agency for the Communist Chinese government. The organization, “is subordinate to the State Council and reports to the Communist Party of China’s Propaganda and Public Information Departments.”
I’ve reported on this for over 10 years. What is this? It’s that the global warmist’s and the lackey press and politicians have been driving the belief global warming is such a disaster we have to change everything or die in 10 years.
Despite the scientific reports that show NO global warming in the last 10 years we are told there was. Such a mockery of people’s intelligence!Notice the report referenced below is noy from ANY USA news source.
Year after year we are told of all the hot spots in the world as proof warming is happening. But we seldom see anything like that reporting when it comes to the cold spots. An article is below on Russia.
Russia is enduring its harshest winter in over 70 years, with temperatures plunging as low as -50 degrees Celsius. Dozens of people have already died, and almost 150 have been hospitalized.
The country has not witnessed such a long cold spell since 1938, meteorologists said, with temperatures 10 to 15 degrees lower than the seasonal norm all over Russia.
Drones, black boxes for all vehicles, phone GPS, Holder secret surveillance approval to spy on all Americans, cameras everywhere, Google Earth and similar, Facebook, YouTube, embedded micros chips, surveillance wrist bands for kids, etc.
Where will this stop?
Smart TVs can spy on their owners
WH: Benghazi Attack Drone Footage Went To DoD, Not Us
Do you really believe this? It’s like Obama slept through the bin Laden raid.
It’s unreal – it’s like Obama jetting off to Vegas the afternoon he announced the Benghazi, Libya attacks
Here is more:
Since returning from a trip to southeast Asia on Nov. 21, President Obama has managed to play three rounds of golf but has met face-to-face only once with Speaker John A. Boehner, the man with whom he is trying to strike a deal on taxes and spending that could prevent another recession.
With the deadline for going over the “fiscal cliff” less than three weeks away, the president’s schedule this week is exceptionally light. It does not include any time on the links with Mr. Boehner, Ohio Republican, who is also an avid golfer.
On Monday, Mr. Obama’s only public event was a trip to Detroit, where he held a campaign-style rally with union auto workers that was ostensibly a push for middle-class tax cuts but mainly showcased Mr. Obama’s criticism of Michigan’s new “right-to-work” labor law.
“It seems to me, that time would have been better spent here in Washington, D.C., working on the fiscal cliff, but he was in Michigan,” said Sen. Lamar Alexander, Tennessee Republican.
On Tuesday, Mr. Obama had lunch with Vice President Joseph R. Biden and spoke to Mr. Boehner by phone late in the day. The president spent much of his evening with first lady Michelle Obama posing for photographs with members of the White House press corps and their guests at a holiday party. (Mr. Obama actually has performed this function twice in the past week; there was another media holiday party at the White House on Dec. 5).
On Wednesday, the president held a meeting and conference call with mayors of both parties from around the country, seeking support for his proposal to raise taxes on families earning more than $250,000 per year. It was his only scheduled event of the day, aside from the president’s routine daily briefing.
White House press secretary Jay Carney defended the president’s schedule Wednesday, saying he is working hard to reach a deal with Republicans. He said part of that effort includes marshaling public support for the president’s fiscal position with events like the one in Michigan.
“I think you’ve seen the president actively engaged in moving the process forward,” Mr. Carney said. “The president has made clear his willingness to negotiate and compromise.”
Mr. Obama has spoken to Mr. Boehner by phone several times, conversations that have been described as everything from “curt” to “cordial.” Nobody on either side has ventured to describe them as “productive.”
When he’s not speaking to the speaker, the president has been hosting more holiday parties, an obligatory part of any president’s role at this time of year. An administration official said the White House is hosting more than 25 holiday parties this month; a White House spokesman wouldn’t confirm that number but said the president and first lady are hosting parties for “volunteers, members of Congress, White House staff, Secret Service personnel, White House reporters and Americans from across the country.” In all, about 14,000 people will attend a White House party or reception this holiday season.
In addition, Mr. Obama attended a holiday concert on Sunday at the National Building Museum and presided at the national tree-lighting ceremony along the National Mall on Dec. 6.
Among the few other events on Mr. Obama’s schedule of the past three weeks were a Dec. 3 meeting with the prime minister of Bulgaria, a Cabinet meeting on Nov. 28 and a private lunch at the White House on Nov. 29 with his vanquished Republican opponent, Mitt Romne
Read more: http://www.washingtontimes.com/news/2012/dec/12/fiscal-cliff-obama-schedules-photo-op-parties-golf/#ixzz2EsXvkM00
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