Thread: Economics The Fiscal Cliff Approacheth
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Old 12-17-2012, 07:23 AM   #592
patteeu patteeu is offline
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Quote:
Originally Posted by Direckshun View Post
Two new developments:

1. Boehner has offered a millionaire's tax, rather than a more traditional top 2% tax increase. So the House GOP has finally begun its cave in on higher rates.

2. Boehner has also offered to extend the debt ceiling for a year, in what is clearly a promising start. The White House wants it out of Congress' hands, period.
House Republicans would be foolish to give up the debt ceiling lever for anything short of a complete cave by the President. Someone has to constrain his propensity to spend our kids into poverty.
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