Showing posts with label trillion dollar coin. Show all posts
Showing posts with label trillion dollar coin. Show all posts

Wednesday, December 5, 2012

A Trillion Dollar Coin?



As we wind our way toward the fiscal cliff, Republicans are scrambling for a way out of the conundrum they face of not wanting to raise tax rates at all or being confronted with being blamed for raising taxes on all Americans when the Bush tax cuts expire at the end of the month.

Coupled with that, of course, are the draconian cuts to social programs and the defense budget that would take effect because of the sequestration agreement reached as a result of the 2011 fight over the debt ceiling.