How Fiscal Cliff Deal Cost Us Trillions

"The fiscal cliff deal approved by Congress will increase deficits over the next decade by close to $4 trillion, according to the Congressional Budget Office.
That estimate is relative to a benchmark where all the Bush tax cuts expire and the the fiscal cliff stays in place. Technically, that's what would happen if Congress had done nothing to avert the cliff."*

The fiscal cliff deal was supposed to help lighten our deficit, right? Well, analysts say it will pile on more-- to the tune of $4 trillion. How, and why did this happen? Cenk Uygur, Ben Manckiewicz (Host, Turner Classic Movies) and John Iadarola (Host, TYT University) discuss.

*Read more from CNN Money: http://money.cnn.com/2013/01/01/news/...

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• Category

  News & Politics

[Lodog110776]

We should've just went off the cliff. Our economy needs a reset button.

[Ex0dus111]

stop making up nonsense. Waiting lines in the US emergency rooms are way longer then here in Northern Europe. Ive been to both.

[Ragefist4ever]

Aren't you late for your KKK racist rally?

[Nil Manob]

I checked out this picture because I had gotten honestly concerned with the economy and had no clue what direction to go. Cash money does not always mean anything at all anymore. Thus I decided to conduct some groundwork and discovered Goldiverse. I am just so fortunate, I can certainly change my money from cash to all the major currencies, to any precious metal at any time I need. The lawmakers can go and take a jump for all I care. Just Bing and google it Goldiverse.

[underbjorn]

Hahah, rofl look at the stereotypical U.S far-right clown talking about evil like the religious clown it is. leftists iddiocy" Must be something in the U.S-Republican projectionist language.

Oh no, I'm a murderer, I probably voted for the Iraq War too. Oh wait, haha, that was Dick Cheney's adventure. "kill unborn" Not really, but bombing hospitals is killing babies.

"I'm hispanic" So? You can't be racist for that? "fascist liberal" The oxymorons.

[Ragefist4ever]

"Do Obowma" Is not a racial slur moron. You're the definition of leftists idiocy. Apologist to evil.

My taxes go to perform abortions here and over seas, along with other atrocities. You murderer. You have the balls to kill millions unborn children but not our true enemies that threaten our freedom.

I'll have you know I'm hispanic. So democunt. You gonna slander me with racist remarks? Do it like a good little fascist liberal racist democunt.

[underbjorn]

You have presented facts? Except for non-quotes and the stereotypical U.S-Republican "Obowma" racist smear I see none, but hey, U:S far-right clowns call their nonsense "facts" all the time. The entire world connects the Republican White South Party with racism, not the pluralistic Democrats.

If Obama cut down defense, which many Democrats want, the Republicans would attack him forn ot being pro-war enough. All Republicans love death and wars, and to ban aboriton like the theocrats they are.

[Ragefist4ever]

You want more quotes and facts? You don't seem to keen on presenting evidence that would implicate one for such defamation. Democratic racism is immeasurably worse than Republican.

Obama hasn't improved on anything, more war spending and unnecessary deaths. Abortions which daily outnumber the total racket of deaths in the middle east in months. Obama has denied profitable oil contracts that would have potentially saved us temporarily. Nothing good has come out of his term. NOTHING.

[underbjorn]

No. No they didn't. And no such official statement was made. In contrast to the hundreds upon hundreds of deeply racist "lazy welfare nigger" quotes from top U.S-Republican white aristocrats.

Not many at all, while the Republicans are ideologically racist, adopting all former Democrat deep south policies incl whining about states' rights from federal regulation.

"Your god OBOWMA" Look at the U.S-Republican racist.

Uhm yes, Obama hasn't started two major wars.

Yes, me and the rest of the world..

[Ragefist4ever]

Democrats are racist by definition. They called general Colin Powell a "House Nigger". Condoleeza rice "Aunt Jamima" and perpetually slandered Stacy Dash with racial slurs when she decided to leave the democratic party. Many other examples of their racist ideology.

Your god OBOWMA is still sending troops to their deaths, and has quadrupled the the deficit in one term than what bush did in 2. and you dare call Rep. war mongers and spenders?

Have you no shame sir? Or is it just guilt?

[slimballa93]

@Ragefist4ever 98% of the Bush tax cuts are still in place. I'm not blaming the Republicans, kinda wished they would've gotten their act together and put some "real" spending cuts and entitlement reform ideas forward. Democrats are too afraid to tell their constituents the truth about our financial woes, and Republicans either aren't serious about real deficit reduction, or want to reduce government expenditures down to the size of mustard seed.

[underbjorn]

"keep all ethnics statistically at the same level"

Sounds like a complaint a deep south far-right extreme white uspremacist would make up.

.

No, sorry that's U.S-Republicans. As for welfare, U.S-Republicans give welfare to the rich and those living in axcess and abundance. Those working hardest are deprived of their property and sent below minimum wage under Republicans.

Actually I can, it's all Republicans do, spend spend spend. Wars wars and more wars.

.

No, Republicans=Racist since 1960s.