Yes! According to one report it is $620 billion in tax increases and $ 15 billion in spending cuts. Now that's balance!
The income limit for tax increases has reportedly gone from $250,000 to $450,000 a year, which makes Democrats like Tom Harkin apoplectic.
So what was the Countdown all about if the House can agree on it today?
Pakistan rang in the New Year with another massacre. Five female schoolteachers and two schoolgirls were killed in a daring ambush by courageous mujihadeen in that country's "troubled tribal region" (which one?)
http://www.foxnews.com/world/2013/01/01/gunmen-kill-5-teachers-2-others-in-ambush-in-pakistan/?test=latestnews
Stay tuned for tomorrow's massacre.
And not to be outdone, 16 were killed in the past 24 hours in "sectarian" violence. Translation: Sunnis killing Shi'ites.
http://www.cnn.com/2012/12/31/world/meast/iraq-violence/?hpt=wo_c2
2013 also means that my Cubbies will once again be wearing new uniforms.
The good news is that Alfonso Soriano will be back with two more years to go on that 8-year contract.
I think I'll make like Pawxatawnty Phil and go back to bed. I know that's not the way it's spelled, but spell check doesn't cover it, and I know Siarlys will correct it anyway.
The groundhog thing doesn't apply in Pennsylvania. The original tradition, from East Anglia (where New England was mostly settled from) actually reflected local weather patterns near the end of winter. Clear, dry, cold, sunny weather from Russia, six more weeks of winter, cool but not so cold, wet, cloudy weather from the Atlantic, spring will soon arrive.
ReplyDeleteWho cares how its spelled?
The Cubs are in line to win a world series soon. The terms of the curse have been fulfilled. One of the nice side benefits of President Obama's re-election.
The tax increases are certain and immediate but the spending cuts are obscure, sometime and place possibly in the future to be determined. At best they are decreases in the rate of increase of the spending.
ReplyDeleteIt is like saving all the money on the stuff your wife says she didn't spend on her shopping trip.
The national debt, I read, is over $110,000 for every man, woman, and child in the US. I've heard of stealing from strangers or even from partners or clients, but stealing from your children and grandchildren to support our current spending is a new low.
I read Paul Krugman, one of the gurus of the left in the NY Times and he claims this is a political crises not a financial one. What's the big deal? The COST of borrowing is at a low point.
I'm sure that future generations will be comforted by that observation. They had a debt thrust upon them at low interest rates.
It will take away their national resources, their options, and their ability to do anything... faced with crushing national debt.
The Cubbies have a better shot at the World Series than they do.
Would you take a tax increase in
ReplyDeleteexchange for a Cub world series?
Don't answer that.
Would you take a tax increase in
ReplyDeleteexchange for a Cub world series?
Don't answer that.
East Anglia? isn't that where that bogus global warming science was conducted? What a coincidence. East Anglia and Puxatawnty Phil.
Eighty degree days in November? Sixty degrees in December? Global warming? What global warming. Nothing to it.
ReplyDeleteAnd the Arctic Ocean is melting because Putin sprayed it with salt, not because the temperature is rising.