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Thu Jan 3, 2013, 11:35 AM

McConnell To Obama: Fiscal Cliff Was ‘The Last Word On Taxes’

In a new op-ed for Yahoo News, Senate Minority Leader Mitch McConnell (R-KY) defends the fiscal cliff agreement he helped broker as imperfect but necessary to avoid a bigger tax hike.

He also seeks to provoke President Obama into a debate over the upcoming debt limit increase, which the president has promised not to have.

McConnell writes:

Predictably, the President is already claiming that his tax hike on the “rich” isn’t enough. I have news for him: the moment that he and virtually every elected Democrat in Washington signed off on the terms of the current arrangement, it was the last word on taxes. That debate is over. Now the conversation turns to cutting spending on the government programs that are the real source of the nation’s fiscal imbalance. And the upcoming debate on the debt limit is the perfect time to have that discussion.

We simply cannot increase the nation’s borrowing limit without committing to long overdue reforms to spending programs that are the very cause of our debt.

The only way to achieve the balance the President claims to want is by cutting spending. As he himself has admitted, no amount of tax hikes or revenue could possibly keep up with the amount of money Washington is projected to spend in the coming years.


-30-

http://livewire.talkingpointsmemo.com/entry/mcconnell-to-obama-fiscal-cliff-was-last-word?ref=fpa

Link to McConnell's Column:
http://news.yahoo.com/mcconnell--fiscal-cliff-deal-not-great--but-it-shields-americans-from-tax-hike-010532341.html

9 replies, 1014 views

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Arrow 9 replies Author Time Post
Reply McConnell To Obama: Fiscal Cliff Was ‘The Last Word On Taxes’ (Original post)
DonViejo Jan 2013 OP
gateley Jan 2013 #1
Cary Jan 2013 #2
Panasonic Jan 2013 #3
Cary Jan 2013 #5
global1 Jan 2013 #4
shawn703 Jan 2013 #6
Filibuster Harry Jan 2013 #7
maxsolomon Jan 2013 #8
high density Jan 2013 #9

Response to DonViejo (Original post)

Thu Jan 3, 2013, 11:40 AM

1. Aw, just shut up, Mitch.

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Response to DonViejo (Original post)

Thu Jan 3, 2013, 11:43 AM

2. Which part of "Minority" does McChinless not understand?

Elections have consequences.

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Response to Cary (Reply #2)

Thu Jan 3, 2013, 11:44 AM

3. And if Yertle the Turtle thinks he's staying past 2014..

 

He's whistling his shit into the wind.

Senator-elect Judd in 2014 will be kicking his ass EASILY.

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Response to Panasonic (Reply #3)

Thu Jan 3, 2013, 12:01 PM

5. From you fingertips to God's ear. n/t

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Response to DonViejo (Original post)

Thu Jan 3, 2013, 11:56 AM

4. Cut Defense. End The War In Afghanistans Now. Negotiate Pricing On Drugs In Medicare. Close The..

corporate loopholes. Cut pork out of Repug states/districts. Tax stock transactions.

I'm sure we can come up with a lot of ways to aid this nation's fiscal imbalance - which was mostly caused by the Repugs during BushCo's terms.

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Response to DonViejo (Original post)

Thu Jan 3, 2013, 01:10 PM

6. Mitch is about to have a rude awakening

When Obama demands at least $1 in new revenue for each $1 in spending cuts - not counting what was just passed to avert the fiscal cliff.

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Response to DonViejo (Original post)

Thu Jan 3, 2013, 05:08 PM

7. The last say on tax hikes?? These guys just don't get it. You need a balance of tax hikes and

spending cuts. Lets get the corps to bring money back in this country at 15% and end that kind of tax
loophole. Only 9% of Federal Revenues come from Corps whereas in 1952 32% came from them.
Need to end the subsidies and cut out the tax loopholes. NOW!!! Otherwise -- can anyone say government shutdown???

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Response to DonViejo (Original post)

Thu Jan 3, 2013, 06:39 PM

8. I agree. Let's talk about the Department of Defense

What, defense spending stimulates the economy? First I've heard of it!

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Response to DonViejo (Original post)

Thu Jan 3, 2013, 06:43 PM

9. The Republicans...

They ran up huge deficits with tax cuts and wars, now they're telling us that Social Security and Medicare are the real problems. I have to hand it to them, it was a brilliant plan.

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