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Deficit ‘fiscal cliff’ bill actually spends $330 billion more

Home - by - January 1, 2013 - 16:41 America/New_York - 7 Comments

WA Times

The “fiscal cliff” deal that was designed to save money actually includes $330.3 billion in new spending over the next decade, according to the official estimate the Congressional Budget Office released Tuesday afternoon.

CBO said the bill contains about $25.1 billion in new cuts, but those are swamped by the new spending on extended unemployment benefits for the long-term jobless and other new refundable tax credits that President Obama fought for.

Of those cuts, only $2 billion are scheduled to take effect in 2013.

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» 7 Comments

  1. orbitup

    January 1st, 2013

    You don’t say…

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  2. Tim

    January 1st, 2013

    Sooooooooo … both Parties are guilty of screwing over the American people? Or all four, since Bernie Sanders is a Socialist and Ron Paul is a Paultardian?

    Where’d I leave that Re-Set Button … ?

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  3. Tim

    January 1st, 2013

    BO, Boehner, Reid, & Roberts: “Hey, America …
    you got a purdy mouth …”

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  4. Dr. Tar

    January 1st, 2013

    Magic government for a people desperate for magical solutions to realities challenges. Where tax increases are tax cuts and more spending is an austerity measure.

    We truly are beyond the looking glass people.

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  5. [...] lunacy — we must make our voices heard and vote out the jokers in both parties, or learn to enjoy eating crap [...]

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  6. Billy Fuster

    January 1st, 2013

    Just shut up and keep paying your taxes.

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  7. Unruly Refugee

    January 1st, 2013

    Wait, they passed this bill at 2:00 a.m. January 1st. ?? Right after the big ass New Years Eve party just started rocking? WTF ?

    Did Pelosi say you have to be drunk to know what’s in the bill? Because I’ll bet a case of beer all of the republicans who voted yea were shitfaced drunk at 2:00 a.m. New Years morning.

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