Thread: Economics The Fiscal Cliff Approacheth
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Old 12-19-2012, 10:57 AM   #599
BucEyedPea BucEyedPea is offline
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Not fan of Newt...but I did like his solution on this:

Gingrich to GOP: Go home, let Democrats take the blame
Newt Gingrich has a simple plan for the House to deal with the so-called “fiscal cliff” that has Washington politicians twisting in the wind: pass one bill with tax cuts, and one bill without, send them to the Senate then go home.

“It is very painful watching the negotiation, it’s sort of an incremental surrender,” the former Republican House speaker and presidential contender said during a meeting Monday with Human Events reporters and editors.

By delivering two versions to the Democratic-controlled Senate, the Republican-led House sends the message to voters they stood by taxpayers of all classes, Gingrich said. If Democrats and the White House decide to raise taxes and the economy tanks, that party will be to blame.

The problem Washington now faces is that Congress and President Barack Obama have decided they don’t want to abide by certain automatic tax increases and spending cuts they have scheduled to take effect Jan. 1 through previous legislation.
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