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

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

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