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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (213302)	1/1/2013 12:08:07 PM
From: Ron	Read Replies (2) \| Respond to of 541487

But will the House pass it? Inquiring minds want to know.

To: Wharf Rat who wrote (213302)	1/1/2013 4:57:45 PM
From: koan	Read Replies (1) \| Respond to of 541487

Maybe, but do you really expect those defense cuts to stand? I would expect the pubs to refuse to lift the debt ceiling until the defense cuts are taken out. <<I'm thinking this is good; defense will still be cut, some cuts to discretionary spending won't be as large, and there will be some increased taxes... It would also temporarily delay the sequester -- i.e., billions of dollars in across-the-board spending cuts -- for another two months. The cost of continuing current spending levels will be paid for through an even mix of tax revenue increases and later spending cuts. Half of those cuts will come from defense spending; half will come from nondefense spending. http://www.huffingtonpost.com/2012/12/31/fiscal-cliff-deal_n_2348269.html