0 Shares By Kyle Becker 2 years ago
The House of Representatives approved the Senate’s bill without significant amendment to avert the fiscal cliff — 257-167. Although two-thirds of House Republicans voted against the deal, it was passed without major spending cuts. Speaker Boehner and Cathy McMorris Rodgers led those who voted for the deal, while Majority Leader Eric Cantor and GOP Whip Kevin McCarthy voted against.
President Obama was obviously enthusiastic that there will be another year of trillion dollar deficits to continue his streak of four fiscal years in a row. The POTUS even patted the complicit Republicans on the head during his speech, which is apparently what the lapdog GOP leadership wanted.
The Congressional budget office scored the deal as adding $4 trillion to the budget baseline over ten years, but as Philip Klein at the Examiner points out, $3.6 trillion of that figure is foregone tax revenue. As predicted, going over the cliff and then brokering a deal in faux-dramatic, eye-rolling fashion allows both parties to claim that they are tax-cutters; meanwhile, the president can ham up his class warfare rhetoric by lauding tax hikes on the rich to his left-wing base.
For a recap of the deal that was passed by the Senate, as voted on by the House without significant amendment:
So, the rubber-stamp, GOP-led House caved on every single point of contention the president demanded, and will still be railed against as partisan and extremist by the left-wing media when the debt ceiling negotiations begin. Spending other people’s money without restraint is some kind of religion to the left, and if the American people do not demand an end to the runaway debt spending, they are going to watch the most prosperous economy in the world implode due to irresponsible governance.