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House Republicans said on Thursday that Treasury Secretary Timothy F. Geithner presented the House speaker, John A. Boehner, a detailed proposal to avert the year-end fiscal crisis with $1.6 trillion in tax increases over 10 years, an immediate new round of stimulus spending, home mortgage refinancing and a permanent end to Congressional control over statutory borrowing limits.
Mitch McConnell, the Senate Republican leader, says he “burst into laughter” Thursday when Treasury Secretary Tim Geithner outlined the administration proposal for averting the fiscal cliff. He wasn’t trying to embarrass Geithner, McConnell says, only responding candidly to his one-sided plan, explicit on tax increases, vague on spending cuts…
Source - U.S. Constitution
The Congress shall have power to lay and collect taxes, duties, imposts and excises, to pay the debts and provide for the common defense and general welfare of the United States; but all duties, imposts and excises shall be uniform throughout the United States;
To borrow money on the credit of the United States;
To regulate commerce with foreign nations, and among the several states, and with the Indian tribes;
To establish a uniform rule of naturalization, and uniform laws on the subject of bankruptcies throughout the United States;
To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures;
Originally posted by TDawgRex
reply to post by Wrabbit2000
I'm damn near the point of saying...
Screw it, let's jump off the cliff already.
Maybe the house should burn down. It's ridden with termites and dry rot already. We can build another after all is said and done.
And we won't have those pesky Democrats (Termites) and Republicans (Dry-rot) getting in the way.
Originally posted by Agit8dChop
I'm by no means an economic mind, I like basics and fundamental aspects to be proper to begin with.
In saying that, anything the republicans immediately block, laugh at, argue against or ridicule i will back. Because after the last 15yrs of living on this earth the only sure thing apart from death and taxes is that the republicans are the most curropt bunch of neocons on this planet. If they have totally laughed at this economic package then it absolutely must be against their necon criminal ways, therefore I am for it.
- yes, i had many beers for lunch today!
You do know that not even Democrats have supported Obama's budgets, right? I have a feeling you know nothing.