Tag Archives: deficit

Berg's Final Vote: "No" To The Fiscal Cliff Deal

Berg's Final Vote: "No" To The Fiscal Cliff Deal

Rep. Rick Berg just cast his final vote in the US House. He’ll be heading back to the private sector after failing in his bid to move to the Senate. By the narrowest of margins, North Dakotans picked liberal Democrat Heidi Heitkamp over him. But Berg finished strong. Even as his fellow North Dakota Republican

House Passes "Fiscal Cliff" Deal That Makes Debt And Deficit Projections Worse

The House has passed the “fiscal cliff” deal the Senate passed early this morning. The media, of course, is reporting this as “crisis averted.” Which is an absurd notion. Via Zero Hedge, here’s a chart showing the CBO’s projected annual revenues from these tax increases (assuming “the rich” sit still for them and don’t move

Silver Lining In "Fiscal Cliff" Deal: At Least It Didn't Raise The Debt Ceiling

There’s not a lot to like about the “fiscal cliff” deal the Senate agreed to last night. It raises taxes at a time when our economy is still reeling, and it raises spending at a time when the country is running a $1 trillion annual budget deficit and can ill afford it. It’s a bad

Balanced: Senate Fiscal Deal Has $41 In Tax Hikes For Every $1 In Spending Reductions

According to the Congressional Budget Office, the “fiscal cliff” deal passed by the US Senate late last night has $15 billion in spending growth reductions (it’s not cuts as we’ll still be spending more in 2013 than we’re spending in 2012) and $620 billion in tax hikes, both over the course of a decade. After

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