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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: Wayners who wrote (54891)	8/7/2011 9:54:54 PM
From: DuckTapeSunroof	Respond to of 103300

Re: "Well the Dems wanted nothing to do with 4T in real cuts...." That was never the guts of the nearly-a-done-deal Boehner/Obama "Grand Bargain". It was a bit more than $3 Trillion in reductions to spending and a bit less than $1 Trillion in revenue raises (nearly all of which was loophole closings... no rate increases were in the deal...) and indeed, word has it that a couple of extensions of rate reductions were to be part of the overall plan, such as an extension of the payroll tax cut for another year. And, the GOP 'ran away' from the $4 Trillion deficit-fix at least as fast, (if not faster), then the Dems did. :-) Fairly ironic I'd say because with no deal all of the Bush tax cuts expire on schedule at the end of next year (bringing what? Something like a $6 Trillion revenue increase over the trailing decade?), and that alone pretty much closes up the deficits over about the next 12 years... (taking away S&P's budget objections).