Sunday, December 02, 2012

White House proposes $600 billion in unidentified tax hikes, $50 billion in new stimulus spending

McClatchy reports:
The Obama administration Thursday offered to get the nation off the fiscal cliff with a package that includes $1.6 trillion in tax increases over 10 years, more controversial spending to stimulate the economy and a permanent solution to the fights over raising the nation’s debt ceiling.
Great moments in socialism.