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Leppycole said...
Yeah - just another excuse 4 years later to blame Bush for the absent leader position in the White House.
You debate like a child - emoticons, dismissive rhetoric, and speculative narcissistic perspective....which is clear you are under 22 years of age and unemployed.
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BamaLivesFootba said...
$55B from both non-defense discretionary and defense spending for FY 2013-2022.
If you are talking about pure deficit reduction, the fiscal cliff is a good thing.
However, the size and scope of the cuts at this time are ill-timed.
The cuts and taxes will likely send the economy back into recession which not only contracts gdp (lowering one end of the debt to gdp ratio) it also will likely offset some of the deficit reduction in lower revenue.
Basically, the whole point of not letting the cliff happen is to deal with future deficits in a way that doesn't hamper economic growth significantly. This can be done in different ways.
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BamaLivesFootba said...
$55B from both non-defense discretionary and defense spending for FY 2013-2022.
If you are talking about pure deficit reduction, the fiscal cliff is a good thing.
However, the size and scope of the cuts at this time are ill-timed.
The cuts and taxes will likely send the economy back into recession which not only contracts gdp (lowering one end of the debt to gdp ratio) it also will likely offset some of the deficit reduction in lower revenue.
Basically, the whole point of not letting the cliff happen is to deal with future deficits in a way that doesn't hamper economic growth significantly. This can be done in different ways.
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BamaLivesFootba said...
The sequestration and tax sunsets were a bipartisan agreement to force deficit reduction. The plan was to come to an agreement to augment the reduction to minimize its affect on the economy. The only problem is its an election year and the dickhead politicans had to campaign the whole time.
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this that just keeps the 



Commentary on this Fiscal Cliff deal....