With a cocky President Obama no doubt grinning from ear-to-ear, federal lawmakers yesterday gave their blessing to legislation that boosts income tax rates and government spending while kicking many of the “fiscal cliff” issues down the road for several weeks.
The $1.2 trillion in scheduled spending cuts –falling largely on the Pentagon– have now been officially postponed for two months.
The next manufactured crisis comes March 1, the day the cuts will take effect unless Congress intervenes again to stop them.
Putting off dire problems for another day is now becoming routine in Washington, D.C., commentator Jim Antle opined on Twitter. “We have reached the point where temporarily averting self-inflicted disasters at the last second is a political success.”
The Obama-approved fiscal-disaster procrastination bill received final congressional approval in the House last night with relatively little Republican support after a prolonged fight during a long lame duck session of the outgoing Congress.
Obama and Democrats got almost everything they wanted, as many Republicans dropped their long-standing opposition to income tax rate increases.
Now Obama comes across to many low-information voters as a kind of champion of the middle class, and Republicans, whom the media would have painted as villains no matter what the fiscal cliff outcome, look like stubborn obstructionists who had to be forced to do the supposedly right thing.
One Wink From Obama Tells You All You Need To Know About Who Won The Fiscal Cliff
SOURCES: ENOUGH REPUBLICANS WILLING TO UNSEAT SPEAKER BOEHNER
American Majority Action spokesman Ron Meyer told Breitbart News late Tuesday that enough House Republicans have banded together in an effort to unseat House Speaker John Boehner from his position–they just need a leader to take up the mantle.
“At least 20 House Republican members have gotten together, discussed this and want to unseat Speaker Boehner–and are willing to do what it takes to do it,” Meyer said. “That’s more than enough to get the job done, but the one problem these guys face is they need a leader to coalesce behind.”
CBO: ‘Fiscal cliff’ deal carries $4 trillion price tag over next decade
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