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Wed Jan 2, 2013, 08:52 PM

How Far We've Come

How Far We’ve Come
Posted on 01/02/2013 at 2:30 pm by JM Ashby
This wasn’t very long ago.

Every single Republican primary candidate raised their hand when asked if they would turn down a deal that included 10 dollars in cuts for every 1 dollar in new revenue.

During the presidential debates, Mitt Romney also, once again, reiterated that he would not accept a deal that included a 10:1 ratio of cuts to revenue.

And as recently as the middle of December, congressional Republicans rejected the idea of a 10:1 ratio.

Fast forward to today, and President Obama and the Democrats managed to pass a bill with a 1:41 ratio of cuts to revenue. And Paul Ryan, Mitt Romney’s running mate, voted for it.


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Reply How Far We've Come (Original post)
kpete Jan 2013 OP
patrice Jan 2013 #1
BlueCheese Jan 2013 #2

Response to kpete (Original post)

Wed Jan 2, 2013, 11:09 PM

2. Well, the cuts part is coming up with the debt ceiling.

Essentially this fiscal cliff deal separates the two parts. Of course, I doubt the cuts will turn out to be anything close to 10 times the tax revenues.

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