[typography font="Ubuntu Condensed" size="24" size_format="px" color="darkred"]Told you HRH Barry the Bastard would get what he wanted: For every $41 in tax increases there is only $1 in tax cuts.[/typography]
According to the Congressional Budget Office, the last-minute fiscal cliff deal reached by congressional leaders and President Barack Obama cuts only $15 billion in spending while increasing tax revenues by $620 billion—a 41:1 ratio of tax increases to spending cuts.
And here’s your not-so-happy thought for the first day of 2013:
[typography font="Ubuntu Condensed" size="30" size_format="px" color="darkred"]Republicans “gave in” on sequestration.[/typography]
Sequestration means massive cuts in spending for the military, defense contractors, the FAA, education and more.
If you’d told me back in 2000 that one day I’d long for the days of a Clinton administration, I’d have kicked you. Hard. But there’s no toying with reality this time.
In a speech yesterday, BtheB allowed himself some room to gloat. He knew he’d get exactly what he wanted all along…