Tuesday, January 1, 2013

Fiscal Cliff Deal: $1 in Spending Cuts for Every $41 in Tax Increases

I have been reporting right along that the "Fiscal Cliff" and FC negotiations are all about tax increases and little more.

Matthew Boyle at Breitbart now reports that the 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 the "spending cuts" aren't serious, they are derived from a climbing "baseline."


  1. If spending had been lowered $41 and taxes raised $1, I could have lived with that. As it is, they may as well have pissed on my shoes.

  2. Did you ever notice that they like to pass stuff like this while everyone is busy with holidays and other stuff?

    1. It may seem like that but it's also the last days of the 112th Congress.

  3. of that dollar in cuts, how much are 'cut' cuts and how many kick in now or are delayed to, say, 2020?