How Far We've Come

[kpete]

How Far We’ve Come
Posted on 01/02/2013 at 2:30 pm by JM Ashby
This wasn’t very long ago.




Every single Republican primary candidate raised their hand when asked if they would turn down a deal that included 10 dollars in cuts for every 1 dollar in new revenue.

During the presidential debates, Mitt Romney also, once again, reiterated that he would not accept a deal that included a 10:1 ratio of cuts to revenue.

And as recently as the middle of December, congressional Republicans rejected the idea of a 10:1 ratio.

Fast forward to today, and President Obama and the Democrats managed to pass a bill with a 1:41 ratio of cuts to revenue. And Paul Ryan, Mitt Romney’s running mate, voted for it.

http://bobcesca.com/blog-archives/2013/01/how-far-weve-come.html

[patrice]

1. K&R and Shared.

[BlueCheese]

2. Well, the cuts part is coming up with the debt ceiling.

Essentially this fiscal cliff deal separates the two parts. Of course, I doubt the cuts will turn out to be anything close to 10 times the tax revenues.