""The bipartisan package allows taxes to rise on American households for
the first time in a generation, marking a 180-degree Republican shift
from the 2011 debt limit showdown when the GOP balked at closing
corporate jet loopholes worth a couple billion dollars. The bill is a
wild swing: It raises revenue by $620 billion and cuts spending by only
$12 billion.""
“Today’s agreement enshrines, I think, a principle into law that will
remain in place for as long as I am president,” Obama said after the
House voted. “The deficit needs to be reduced in a way that is balanced.
Everyone pays their fair share. Everyone does their part. That is how
our economy works best. That is how we grow.” (Since when is everyone paying their fair share? What does Fair share really mean to Obama and the liberals. And how does the economy grow when only a few are paying taxes and the rest are spending it on frivolous stuff?)
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