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Congress may have broken up for the elections, but Senate leaders from both sides are coalescing...

Congress may have broken up for the elections, but Senate leaders from both sides are coalescing around a three-step deal to avert the "fiscal cliff" and reduce the deficit. The plan includes raising revenue through revamping the tax code, savings from Medicare and social security, and cuts to federal programs. However, the sides remain far apart on the details, while House Republicans are not involved in the talks.
Comments (12)
  • Perhaps the Senate Republicans can put together a "gang of one" and have John McCain reach across the aisle to the House Republicans and "get something done."

     

    Sweep out the bums and McCain won't squeak through next time. He's angling for Secretary of Defense in the second Obama administration.
    2 Oct 2012, 09:12 AM Reply Like
  • As long as the House republicans stick to their guns, we'll have no new taxes and nothing BUTT spending CUTTs! The mainstream media Republicans got their quadrennial loser, as we shall see next month; so who cares what they think. Hang in their House Republicans!
    2 Oct 2012, 09:57 AM Reply Like
  • Are you joking? The t-frosh in the House just got done voting for a $606 billion spending-spree in July. Republicans have always been the biggest spenders and the t-frosh are no different.
    2 Oct 2012, 12:01 PM Reply Like
  • Republicans and Democrats are both very accomplished spenders now. Don't let either party fool you.
    2 Oct 2012, 12:43 PM Reply Like
  • I did not say the Rethugnicans were perfect...but either they will hang the curse of tax increases and spending cuts at the door of the Senate and Obama, or they will become their smallest minority in 2014 since the Goldwater era.
    2 Oct 2012, 02:59 PM Reply Like
  • House Republicans want to extend tax cuts for the rich and expand defense spending more than they want to cut entitlement spending.

     

    There will be a deal reached soon enough that kicks the can down the road a bit more for them all.
    2 Oct 2012, 04:42 PM Reply Like
  • I feel much better. Any time the Senate rolls up its sleeves and gets to work, I know that our troubles are over. ;)
    2 Oct 2012, 10:20 AM Reply Like
  • What a relief.
    2 Oct 2012, 10:39 AM Reply Like
  • There will be no fiscal cliff! After elections, regardless of outcome the tax code will be extended for another year. Then in next years Congress a new Tax Code will be written which will have cuts but a large number of tax loopholes and credits removed. Net neutral income and a limited reduction in spending. Will not make a dent in the debt but may slow its increase. Could not balance the annual Budget for several years until the real unemployment is down to 6.5 percent or less ( from 16 percent now). Lot of belt tightening for long time to come.
    2 Oct 2012, 12:01 PM Reply Like
  • The American public won't understand any of this until we hit the wall like Greece and Spain. I used to say we were 20 years behind Europe. Since King O got in office, he has sped up the process, and we're only 10 years behind now. Now that more than half of the population is feeding at the trough, and less than half are loading up the trough, this thing is going down. I just hope to retire and get my assets offshore before this thing implodes.
    2 Oct 2012, 02:12 PM Reply Like
  • http://bit.ly/ysKYDN
    2 Oct 2012, 02:19 PM Reply Like
  • Ha, I figured the Republicans would wait a bit longer before folding.
    2 Oct 2012, 12:42 PM Reply Like
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