First... Happy New Year !!!!
Well it seems the deal will pass and the GOP will get to vote for tax cuts, instead of tax increases. And the Democrats will get their tax increases with a delay in spending cuts. So is this a happy ending or a disaster continuing? Thoughts?
Of course the upside is that we bloggers get to watch and discuss the debt limit and spending cut chaos that will be going on for a few more months... I would prefer to be discussing something else, but content is content...
What do you think will happen next if they get this through on Wednesday?
Will the stock market react? Up or down?
CNN Senate Passes...
FOX News Senate Passes...
Senate Bill PDF
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1 comment:
I will again be urging my Congressman to just say "NO" to any debt ceiling increase, at least until a balanced budget is passed by the Senate. If Boehner was politically smart (not that it has been obvious of late) he would arrange to pass a bill allowing federal payments to continue for interest on the debt, Social Security and Medicare payments, but nothing else, to stay under the debt ceiling. Take away Obama's ability to demagogue the issue.
J. Ewing
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