At midnight, not only did the ball drop in Times Square, ushering in a New Year, but Congress dropped the ball on delivering the country meaningful deficit reduction.
What exactly is the fiscal cliff, and what does it mean to you?
If Congress manages to pass a feeble, last minute, deal on taxes it will be a deal that is long overdue. All of this could have been avoided.
The term “fiscal cliff,” tops the 2012 list of banished words/phrases out of Lake Superior State University.
Lawmakers on Capitol Hill face a Monday night deadline to reach a budget agreement before steep tax increases and spending cuts begin to take effect Jan. 1.
Congressman Gary Peters told WWJ that if a deal isn’t reached – it will affect thousands here in Michigan.
More than a month after the election, things continue to get worse for the GOP brand. The lead Republican spokesperson during the fiscal cliff negotiations, House Speaker John Boehner, has a 34 percent approval rating. President Obama has a 54 percent approval rating.
The president would do much better by staying in Washington, D.C. where the action is rather than taking a road tour-styled trip to talk to the American people. In D.C., he actually would be talking to the people who are going to make the decision with him.
Republicans built a trap for themselves, having for years passed bills with highly unpopular cuts and little public notice. Now Republicans will take the blame if we go over the fiscal cliff.
President Obama is in metro Detroit on Monday to talk to workers at Daimler Detroit Diesel as part of his strategy to generate public support for his plan to avoid the fiscal cliff: the tax hikes and spending cuts due to kick in at the end of the year.