Elected officials in Washington keep enacting short-term patches to keep the government running, which is not a real solution
Six Fixes to America’s Fiscal Crisis
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President Obama made his first offer to congressional Republicans yesterday in negotiations over the “fiscal cliff”—an economic catastrophe of tax hikes just a few weeks away.
The White House’s proposal? $1.6 trillion in tax increases, $50 billion in new stimulus spending, and a change that would make it easier to raise the debt limit—so that all this spending could continue.
Senate Minority Leader Mitch McConnell (R-KY) couldn’t contain his laughter at these suggestions.