The following is a lie:
The resulting pressure on GOP leaders was immense: Absent action to avert the fiscal cliff, Americans would face hefty across-the-board income-tax hikes, while indiscriminate spending cuts risked devastating domestic and defense programs. Skittish financial markets were watching the dysfunction in Washington carefully amid warnings that going off the so-called cliff could plunge the fragile economy into a new recession.The tax increase to a middle class family would have amounted to about $2000 for the year, and the "devastating" cuts equalled $110 billion against a $1.1 TRILLION deficit (this year's number). Not one single cent would have been paid towards the debt.
That's right, folks. Fiscal Armageddon 2013™ was averted to prevent a savings of 36 days worth of deficit spending. It takes some big shoes to kick the can that far down the road...
Newly proposed congressional uniform requirement
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