Senate Approves Fiscal Cliff Deal 89-8

In the early hours of the new year, the U.S. Senate voted and approved the fiscal cliff deal 89 to 8. This is a much wider margin than most could have even predicted, which really puts the pressure on the House of Representatives to pass the bill. The problem is, it’s the House of Representatives, led by Speaker John Boehner who has no control over the ultra-conservative (radical actually) tea party Republicans.

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A Fiscal Cliff Deal? – Not Before We Jump

We are all jumping off the cliff at midnight. — Apparently there will be no vote tonight on a deal to avert the fiscal cliff. Earlier today it was announced by Senate minority leader Mitch McConnell that a deal on the tax side was reached, but a deal on the spending side is still pending.

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A Fiscal Cliff Deal? – Not Yet

I hate to be the pessimist in the room, but regardless of all the positive talk today about a potential fiscal cliff deal, nothing is done until congress votes on it. The details of the potential deal includes an extension of unemployment benefits, a patch of the Alternative Minimum Tax (AMT) so that it doesn’t hit middle class families, and extensions of the earned income tax credit and college tax credit for 5 years.

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Eliot Spitzer: Republicans Devoid Of Consistency And Logic

Remember when Mitt Romney, Paul Ryan and the rest of the Republican clown show were dumping on Obamacare because it cuts $716 billion from Medicare? Well, never mind that the cuts are actually cost savings that don’t affect benefits, the point is that Republicans wanted to look like the great defenders of Medicare. Now as part of a fiscal cliff deal Republicans are looking to do what? Cut Medicare spending. Wow, that didn’t take long.

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