As the U.S. faces a growing risk of implosion, President Obama and Congress have reached a highly-controversial deal to avert the so-called “fiscal cliff.”
- Summary of what’s in the deal (National Journal)
- Senate-Passed Deal Means Higher Tax on 77% of Households (Bloomberg)
- Fiscal Cliff Deal: $1 in Spending Cuts for Every $41 in Tax Increases (Breitbart)
- CBO: ‘Fiscal cliff’ deal carries $4 trillion price tag over next decade (The Hill)
- ‘Fiscal cliff’ deal does little to tame threats from debt ceiling, high unemployment rates (Washington Post)
- [House passes Senate deal] Done Deal: 257–167 (National Review)
Was it a good deal, or not? Here’s a sampling of the early analysis:
- A Bad Deal Beats a Calamitous Outcome (Pete Wehner, fmr advisor to President Bush)
- House Should Overhaul Disastrous Senate Deal (Deroy Murdock, columnist)
>> To see the “Implosion” forum that was broadcast earlier this year on C-SPAN, please click here.
>> Implosion: Can America Recover From Its Economic & Spiritual Challenges In Time?