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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.



  1. orbitup

    January 1st, 2013

    You don’t say…

    Thumb up +3

  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 … ?

    Thumb up +1

  3. Tim

    January 1st, 2013

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

    Thumb up +2

  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.

    Thumb up +1

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

    Thumb up +1

  6. Billy Fuster

    January 1st, 2013

    Just shut up and keep paying your taxes.

    Thumb up 0

  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.

    Thumb up 0