Wednesday, January 2, 2013

Fiscal-Cliff Antics | The Future of Freedom Foundation

Fiscal-Cliff Antics | The Future of Freedom Foundation - Jacob Hornberger:

January 2, 2013 - "The fiscal-cliff deal shouldn’t surprise anyone. A sufficient number of Republicans caved, enabling President Obama to bask in the glory of causing Republicans to vote for a massive tax increase.

"What did the Republicans get in return with respect to federal spending?

"Not one darned thing. On the contrary, they agreed that the 'cuts' in federal spending that were going to go into effect as part of the 'fiscal cliff' would be suspended for at least the next two months.

"Why do I place 'cuts' in quotation marks? Because under the so-called fiscal cliff, there really isn’t any reduction in federal spending at all. That’s what the statists, including the mainstream media, never point out. The fiscal-cliff 'cut' is actually an increase in federal spending.

"Why do they call it a 'cut'? Because the increase in federal spending is not as much as federal officials had hoped for and planned for. That’s what a 'cut' in federal spending means in Washington and within the mainstream statist press.

"That’s what the Republicans got for their cave in — they gave the welfare-warfare bureaucrats the full increase in federal spending they had hoped for, at least for the next two months, after which they will undoubtedly cave again."

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