Even if US averts worst of 'fiscal cliff,' political fights loom over spending and debt limit

  • Article by: PAUL WISEMAN and CHRISTOPHER S. RUGABER , Associated Press
  • Updated: January 1, 2013 - 10:47 AM

WASHINGTON - Even if U.S. lawmakers prevent the worst of the so-called fiscal cliff, the brinksmanship in Washington over taxes and spending is likely to continue damaging the fragile economy well into 2013.

  • 15
  • Comments

  • Results per page:
theagonybhoJan. 1, 1310:02 AM

This has nothing to do with Political brinksmanship its fiscal responsibility. So both partys are just supposed to vote to raise our credit limit even tho were drowning in debt? Greece here we come.

5
11
jeanm436Jan. 1, 1310:46 AM

Not one word about making changes so government can operate more efficiently. Anyone in business knows there are ways to wring out inefficiencies in order to offer a product or service competitively.

6
8
badgerfan2Jan. 1, 1311:16 AM

The time to deal with debt is when the spending is authorized, not when the bill comes due (debt ceiling). It seems the only way the issue will ever be solved is when the republican (tea) party eats itself, which they are on the path to do. As they become more and more radical, even conservative districts and conservative states will reject them.

12
4
luzhishenJan. 1, 1311:48 AM

Greece's problems are also due to massive tax avoidance/loopholes, and the financial chaos only helps certain parties.

10
2
theagonybhoJan. 1, 1311:48 AM

badgerfan2, just an fyi the Democrat plan of spending and no cutting, hows that working so far?

3
12
crystalbayJan. 1, 1312:13 PM

I find it ironic that all this intolerable mud-wrestling has largely been over a modest 4% tax increase on the top 2% when in France, they're trying to increase taxes on the wealthiest by 75%.

7
3
crystalbayJan. 1, 1312:19 PM

" just an fyi the Democrat plan of spending and no cutting, hows that working so far?"..................1.2 trillion has been cut in the last fiscal year with 1.2 trillion more spending cuts on the table for 2013.

11
3
badgerfan2Jan. 1, 1312:22 PM

We would have been growing much more rapidly had it not been for the tea party. They stalled the recovery.

10
3
theagonybhoJan. 1, 13 1:05 PM

crystalbay, find it ironic that all this intolerable mud-wrestling has largely been over a modest 4% tax increase on the top 2% when in France, they're trying to increase taxes on the wealthiest by 75%. Ya because it amounts to recouping 10 cents on every dollar of spending, france is broke just like greece taxing the wealthy didnt work for them either, without huge cuts its senseless.

2
8
avejoeconJan. 1, 13 2:04 PM

1.2 trillion has been cut in the last fiscal year with 1.2 trillion more spending cuts on the table for 2013.--------------No, there is fact was NO cutting in last fiscal year and there is none planned for this year either.

3
9

Comment on this story   |  

ADVERTISEMENT

Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT