Buy and Sell Signals, and Other Market Perspectives Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 670.97

+0.1%

Nov 7 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Vendit™ who wrote (42944)	1/1/2013 2:12:02 PM
From: Vendit™	Read Replies (2) of 218632

This bill deal is dead on arrival in the House Vendit Deficit 'fiscal cliff' bill actually spends $330 billion more The "fiscal cliff" deal that was designed to save money actually includes $330.3 billion in new spending over the next decade, according to the official estimate the Congressional Budget Office released Tuesday afternoon. CBO said the bill contains about $25.1 billion in new cuts, but those are swamped by the new spending on extended unemployment benefits for the long-term jobless and other new refundable tax credits that President Obama fought for. Of those cuts, only $2 billion are scheduled to take effect in 2013. And CBO also warned that some of the cuts Congress is counting are from programs on which CBO never expected the money to be spent anyway — such as cuts to the Consumer Operated and Oriented Plan, which was part of Mr. Obama's health care law. All told, the bill deepens the deficit by nearly $4 trillion over the next decade, when the new tax cuts and spending are combined. The bill also delays by two months the automatic spending cuts slated to take effect Wednesday, with a promise to reduce spending in the future to cover for them. Read more: http://www.washingtontimes.com/blog/inside-politics/2013/jan/1/deficit-fiscal-cliff-bill-actually-spends-330-bill/#ixzz2GkiA8VJJ Follow us: @washtimes on Twitter

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next