Tag Archive: Fiscal Cliff Deal


Reality Comes To Low-Information Voters

 

 

 

” If you go on Twitter you’ll find lots of stuff like this. The clueless-cool set who voted overwhelmingly for Obama are now wondering how come he said taxes weren’t going to go up on 98 percent of the American people when here’s their first paycheck and taxes went up.

Call it Schadenfreude if you like. It’s a nasty habit. But considering that Obama managed to get himself re-elected despite a record more suited for the guillotine by playing Santa Claus, and considering that the media has rightly cast the fiscal cliff deal as a victory for the president and a loss for the Republicans, there’s a valuable silver lining here.

You can’t blame this on the GOP. Obama owns this.

 

Sure, the media will spin this as John Boehner trying to cut taxes for rich people and screwing Joe Six Pack. But nobody’s going to buy that. Not when they’ve got to stay home and dine on Mac & Cheese rather than get a burger at Applebee’s this weekend and every other weekend for the foreseeable future; this is Obama’s fault.

And that’s actually good. It’s good medicine for people who didn’t think there were personal consequences to voting for Obama without a clue what they were voting for. Maybe some of these drones will develop a little empathy for people whose taxes went up a hell of a lot more than two percent this week. “

 

 

 

 

HT/Instapundit

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With ‘Deals’ Like Fiscal Cliff, Who Needs Societal Collapse?

 

 

 

 

” No epiphanies in Washington: the Congressional Budget Office estimates that the latest triumphant deal includes $2 billion of cuts for fiscal year 2013. Wow! That’s what the government of the United States borrows every 10 hours and 38 minutes. Spending two months negotiating 10 hours of savings is like driving to a supermarket three states away to save a nickel on your grocery bill.

A space alien on Planet Zongo whose cable package includes “Meet The Press” could watch 10 minutes of these pseudo-cliffhangers and figure out how they always end, every time: Spending goes up, and the revenue gap widens.

This latest painstakingly negotiated bipartisan deal to restore fiscal responsibility actually includes a third of a trillion dollars in new spending. A third of a trillion! $330,000,000,000! Fancy that! In most countries, a third of a trillion would be a lot of money. But in the U.S. it’s chump change so footling it’s barely mentioned in the news reports “

 

 

 

Illustration By Eric Allie

 

 

 

Workers Making $30,000 Will Take A Bigger Hit On Their Pay Than Those Earning $500,000 Under New Fiscal Deal

 

 

” Middle-class workers will take a bigger hit to their income proportionately than those earning between $200,000 and $500,000 under the new fiscal cliff deal, according to the nonpartisan Tax Policy Center.

Earners in the latter group will pay an average 1.3 percent more – or an additional $2,711 – in taxes this year, while workers making between $30,000 and $200,000 will see their paychecks shrink by as much as 1.7 percent – or up to $1,784 – the D.C.-based think tank reported.

Overall, nearly 80 percent of households will pay more money to the federal government as a result of the fiscal cliff deal. “

 

Grover Norquist: Vote For Deal Is Vote To Cut Taxes

 

 

” Grover Norquist, the Americans for Tax Reform president and anti-tax activist who has become a key figure in the ongoing negotiations on the fiscal cliff, took to Twitter as the House was voting Tuesday night to give his blessing to the deal:

 

Norquist Spin
Norquist, of course, is the architect of the anti-tax pledge signed by the vast majority of congressional Republicans, and his statement Tuesday night could give political cover to the 85 members of the House GOP conference who voted “yes” on the deal.”

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