Tag Archive for Fiscal Cliff

Fiscal Cliff Averted but Quicksand Ahead

U.S. Capitol and Environs at Twilight

(Voice of America – Jim Malone – January 3rd, 2013 – http://blogs.voanews.com/usa-politics/2013/01/03/cliff-averted-but-quicksand-ahead/) Spending Clash Coming In the end, the best Congress could do was a narrow compromise to avoid everybody’s taxes from going up.  In the modern polarized political age, I guess that constitutes some sort of victory.  But any true deficit reduction — and remember this is supposed to be about cutting the deficit

Are Congress and Obama deliberately embracing the fiscal cliff, even as they jockey for spin?

White House

So do both parties actually want the federal government to go over the so-called fiscal cliff, to slash the budget deficit without having to go on record voting for tax increases and spending cuts? One gets that impression. To be sure, in the process the great passive consensus to raise taxes and slash spending is being accompanied by finger-pointing and posturing.  But the spin is

US Congress to Reconvene Monday, Continue Fiscal Talks

U.S. Capitol file photo

(VOA – Kent Klein – Dec. 30, 2012) WHITE HOUSE — The drama over the U.S. government’s so-called “fiscal cliff” enters its final day before the deadline on Monday, with no agreement between Democrats and Republicans.  Americans will face tax increases and deep government cuts on Tuesday if no agreement is passed and signed before then. In a prayer at the opening of Sunday’s Senate