Senate, House Pass Biden-McConnell Fiscal Cliff Deal

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The Senate and the House of Representatives have passed a landmark plan to avoid the dreaded “fiscal cliff” that loomed up with the new year. Brokered in the 11th hour by Vice President Joe Biden and Senate Minority Leader Mitch McConnell, the deal allows Bush-era tax cuts on those earning over $450k to expire, while putting-off spending cuts until later in 2013. The deal is widely seen as a huge win for President Barack Obama.

When it became apparent that any deal would involve raising taxes House Speaker John Boehner stepped back as if he were facing a snake and insisted that Senate Majority Leader Harry Reid would have to take-up the negotiations. When it became apparent that any deal would include spending cuts Reid ran and hid like a frightened child.

That left McConnell, who is being sacrificed to the wrath of conservatives, and Biden, who really has nothing to lose at this point.

“My career is essentially over anyway” McConnell said. “After something like twenty terms in the Senate I was going to retire after this one, anyway – so I might as well take it in the neck so that chicken-shit Boehner can say he had nothing to do with this.”

OVER WE GO!

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It’s hard to believe it has only been a year since we posted this item about the then-current primary elections – and it turned-out to be nothing more than an exercise in democracy and comedy.

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Congress Makes A Breakthrough

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Harry And Mitch

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Obama Shortens Vacation To Address “Fiscal Cliff”

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Boehner’s “Plan B” Fails To Get House GOP Support

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House Speaker John Boehner’s “Plan B” proposal to avoid automatic spending cuts and tax increases failed to get enough support from Republicans in the U.S. House Of Representatives to even be brought to a vote. The plan would have cut spending on government programs while raising taxes on those with income exceeding $1 million. In other words it was Boehner’s “Plan A” with the letter “B” instead of the letter “A”.

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Zero Sum Game

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New Situation At The Fiscal Cliff