Thread: Economics The Fiscal Cliff Approacheth
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Old 11-28-2012, 07:05 AM   #255
patteeu patteeu is offline
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Quote:
Originally Posted by Direckshun View Post
A couple things the Democrats are reportedly arguing for in the Grand Bargain:

1. An extension of jobless benefits.

2. An increase of the debt ceiling, so they don't have to risk a repeat of Summer 2011.
This is an example of why Grover Norquist and many Republicans are so insistent that taxes not be raised. Increased revenue will inevitably be spent by Congress instead of being used to reduce the deficit, especially (but not exclusively) when democrats are in control.
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