Ouch! Fiscal Cliff Deal Just Pushed Us Over The Fiscal Cliff

(Washington Examiner) The CBO announced today that after the fiscal cliff deal, deficits would range from $6.9 trillion to $9.2 trillion over the next decade, depending on the baseline assumptions. Though we don’t have updated numbers yet, the CBO’s broader budget forecast will undoubtedly continue to warn about the nation’s long-term debt trajectory.

So what is Obama going to do when he reveals his budget next month? What is his position going into budget showdowns over the course of his second term? There’s still room for him to push for more taxes, but he has conceded setting the threshold for increased income taxes at $400,000 instead of $250,000. Keep Reading Get The News The Liberal Media Refuses To Print! Input Your Primary Email Address Below And You'll Receive A Free Gift, Our Downloadable Report On The Cloward-Piven Strategy.       Privacy Policy: We respect your privacy and will not share your email address with ANYONE... PERIOD! Mouse Over The Green Icon To The Left To Share This Story On Your Favorite Social Media Sites. RELATED STORIES