fiscal cliff deal reached...

[car-15]

http://news.msn.com/politics/update-white-house-gop-reach-a-deal-on-the-fiscal-cliff
With the midnight deadline approaching, a Democratic aide says a deal has been reached, avoiding the "fiscal cliff."
WASHINGTON (http://www.bing.com/maps/default.aspx?form=MSNNDL&q=Washington,%20District%20of%20Columbia,%20United %20States) — A Democratic aide says the White House and congressional Republicans have reached an agreement to avert the "fiscal cliff."
The measure would extend Bush-era tax cuts for family incomes below $450,000 and briefly avert across-the-board spending cuts set to strike the Pentagon and domestic agencies this week.
Vice President Joe Biden was set to sell the agreement to Senate Democrats at a meeting at the Capitol on Monday night.
The aide required anonymity because he wasn't authorized to speak publicly.
House Republicans notified lawmakers that the chamber will vote Monday evening on other bills. They say that will be their only votes of the day.
Infographic: What the fiscal cliff means to you (http://t.news.msn.com/politics/what-the-fiscal-cliff-means-to-you)
President Barack Obama and Senate Republican leader Mitch McConnell said Monday they are near a deal to avoid wide-ranging tax increases and spending cuts that take effect with the new year.
Both men said they were still bargaining over whether — and how — to avoid $109 billion in cuts to defense and domestic programs that take effect on Wednesday.

[Batteriesnare]

Either way, we're still fucked. Enjoy the decline my friends.

[hurley842002]

Wonder how much back door bullsh$t was shoved into the agreement!

[Drucker]

If the Repubs had a pair between all of them, squashing the AWB would have been a chip.

[jtw22]

with over 16 trillion of debt we left the edge of the cliff a long time ago

[DSB OUTDOORS]

This is fu*ked up! [bulls] [Rant2]

[Troublco]

[pileoshit]






...that is all.

[Goodburbon]

so the agreement is that we still don't have a budget, they raised the threshold for tax increases by 200k and we are not going to cut spending at all.

awesome. I look forward to explaining to my children that all I could do was sit and watch as the fiscal problems of this generation were perpetually postponed for their generation.

[tmleadr03]

Don't, constitutionally, all taxing measures and bills have to originate in the house?

[sellersm]

with over 16 trillion of debt we left the edge of the cliff a long time ago

^this

[stevelkinevil]

What a joke, and frankly smells more staged than a 3 stooges prat fall.

[Tinelement]

They didn't come to shit.

Just want the sheeple to feel all warm and fuzzy inside.

[Sawin]

with over 16 trillion of debt we left the edge of the cliff a long time ago
Yep, we just haven't hit the ground yet...we've hit a couple ledges along the way that have made us bounce around a tad, but we are on our way to the cold hard uncushioned dirt... Just a matter of time.

[porfiriozg]

this won't end well

[BPTactical]

They didn't come to shit.

Just want the sheeple to feel all warm and fuzzy inside.


Yup

[roberth]

No solution, just kicking the can, pure chickenshit.

[Fmedges]

What? But but we elect our best and brightest to represent all of us in our great Capitol. Say it isn't so!

[Kraven251]

Obama used his appearance not only to chastise Congress, but also to lay down a marker for the next round of negotiations early in 2013, when Republicans intend to seek spending cuts in exchange for letting the Treasury to borrow above the current debt limit of $16.4 trillion.

BOHICA!

[car-15]

its official.....
House approves fiscal cliff bill

The House voted 257-167 to pass a last-ditch Senate compromise to avert the
fiscal cliff.
The measure that sought to maintain tax cuts for most Americans but increase rates on the wealthy passed the Democratic-led Senate overwhelmingly early in the day.
There was discussion about amending the Senate bill by adding spending cuts, but in the end, House lawmakers voted on the bill as written -- a so-called up or down vote.
The legislation would raise roughly $600 billion in new revenues over 10 years, according to various estimates.
"I'd say let's take the Senate deal, fight another day," Rep. Tom Cole, R-Oklahoma, told CNN before the House vote. He predicted the House would pass the bill with a "pretty strong bipartisan majority."
"I'm a very reluctant yes," said Rep. Nan Hayworth, an outgoing Republican representative from New York.
"This is the best we can do given the Senate and the White House sentiment at this point in time, and it is at least a partial victory for the American people," she said. "I'll take that at this point."
The timing of the vote was crucial, as a new Congress is set to be sworn in Thursday.
The legislation averted much of the fiscal cliff's negative near-term economic impact by extending the Bush-era tax cuts for the majority of Americans. It also extends long-term unemployment benefits that were set to expire.
Had the House not acted, and the tax cuts enacted last decade expired fully, broad tax increases would have kicked in, as would $110 billion in automatic cuts to domestic and military spending.

[hghclsswhitetrsh]

I think they just got tired of fighting and said fuck it, where do I sign?

[Southbridge]

Don't, constitutionally, all taxing measures and bills have to originate in the house?

I believe just spending bills must originate in the House, not taxing. Furthermore I am sure they could legally circumvent it by "passing" a bill under the guise of saying something like, "... if you guys passed a bill like this, we too would also pass it."

[tmleadr03]

By the way Boner and Paul Ryan voted yes.

[hollohas]

Call me shocked. Bennet voted "No".

[Pancho Villa]

It's hard to blame representatives when you can ask most people on the street "Okay, where do we cut?" and no one is willing to cut anything substantial.

No, guys. Corruption and waste won't add up to a trillion dollars. We have to cut entitlements. We have to cut the military. Thems just the facts.

[tmleadr03]

It's hard to blame representatives when you can ask most people on the street "Okay, where do we cut?" and no one is willing to cut anything substantial.

No, guys. Corruption and waste won't add up to a trillion dollars. We have to cut entitlements. We have to cut the military. Thems just the facts.

One of the things I actually liked about the fiscal cliff was an across the board cut. EVERYTHING NEEDS TO BE CUT.

[Rooskibar03]

The House voted 257-167 to pass a last-ditch Senate compromise to avert the fiscal cliff.
The measure that sought to maintain tax cuts for most Americans but increase rates on the wealthy passed the Democratic-led Senate overwhelmingly early in the day.

Well except for that pesky SS tax increase that's about 1700 per 50k of income. Have to read further down the bill to find that gem.

[stevelkinevil]

Well except for that pesky SS tax increase that's about 1700 per 50k of income. Have to read further down the bill to find that gem.

Just as our fathers didn't, neither shall most of us. And our children will pay for it. Rand Paul and only 7 others voted nay. Funny how no one can grasp that the federal reserve system has caused all of this, and yet folks always fight the tentacles and never realize the head is still there.

[tmleadr03]

Well except for that pesky SS tax increase that's about 1700 per 50k of income. Have to read further down the bill to find that gem.

What is the bill number and perhaps a link to it?

[Dave]

Well except for that pesky SS tax increase that's about 1700 per 50k of income. Have to read further down the bill to find that gem.
2% x 50,000 = 1700?

[BigDee]

What is the bill number and perhaps a link to it?

I believe the SS tax increase is going to allow the 2% SS tax holiday to expire. This will result in a $1k increase per $50k. It would be $2k per $50k If employers also received the 2% holiday but the holiday was only passed on to employees and employers still had to pay the 6.2 rate.

[tmleadr03]

2% x 50,000 = 1700?

Not quite.