In a complete victory for President Obama, the House of Representatives tonight passed the “Fiscal Cliff” Deal, that raises taxes but does not cut spending, by an overwhelming vote of 257-167. The majority of Republicans voted against the deal, but enough crossed the aisle to vote with Democrats to put it over the top by a large margin. House Speaker John Boehner voted for the deal, along with GOP Rep. Paul Ryan. House Majority Leader Eric Cantor voted against it. It now moves to President Obama’s desk to be signed into law. The Congressional Budget Office estimates this deal will add another $4 Trillion to the National Debt over the next 10 years.

Complete Victory for Obama: U.S. House of Representatives Passes “Fiscal Cliff” Deal by Wide Margin, 257-167 – Video 1/1/13

After wrangling for most of the day, House Speaker John Boehner is ready to move ahead with a vote on the U.S. Senate-passed Fiscal Cliff Deal in the House of Representatives tonight, without any amendments being offered:

THE HILL: The House Rules Committee sent the Senate-passed “fiscal cliff” bill to the floor late Tuesday with a vote in the full chamber to take place around 10:30pm to 11pm.

After a day of lengthy internal GOP wrangling over whether to amend the Senate-approved bill, House GOP leaders decided that they did not have enough support to pass an amendment with Republican votes alone.

The move came after a pair of long closed-door Republican conference meetings, and is a signal that Speaker John Boehner (R-Ohio) believes there are enough votes to pass the Senate measure without changes. . . . Read More

This deal to supposedly “avert” the Fiscal Cliff raises tax rates, does not cut spending, and according to the Congressional Budget Office, will ADD nearly $4 Trillion to the National Debt over the next 10 years.

GOP House Speaker John Boehner Ready to Bring “Fiscal Cliff” Deal to House Floor for a Vote Tonight without Amendments; CBO says Deal will Add $4 Trillion to National Debt – 1/1/13

Here is video of Vice-President Joe Biden walking to “Potbelly’s,” a sandwich shop about two blocks from the White House. Biden strolled over there to get some sandwiches for lunch for himself and others, since the White House Mess is closed for New Year’s Day. On the way, he was asked if he thought the Fiscal Cliff would be averted. His response, “I hope so. I think so.”

On Stroll to Sandwich Shop, VP Joe Biden asked if Fiscal Cliff Deal will Pass: “I Hope So. I Think So.” – Video 1/1/13

House Republicans are balking at putting a rubber stamp on the “Fiscal Cliff” Deal passed by the U.S. Senate overnight – a deal that raises tax rates but has almost no spending cuts. Many in the media seemed to assume the House Republicans would feel forced to just go along with it – and they still might. But it is clearly in trouble, with the No.2 Republican in the House – Majority Leader Eric Cantor – saying this afternoon he does not support the bill:

POLITICO: A carefully-crafted Senate compromise to avert the fiscal cliff could be in jeopardy, as House Republicans seem nearly certain to tweak the legislation and send it back to the Senate because it doesn’t contain sufficient spending cuts. The anger came to a head in a closed House Republican Conference meeting in the Capitol basement Monday, when the opposition to the bill — which would extend tax rates for families making less than $450,000 — was overwhelming, sources inside the room said.

House Republican leadership dispersed from the meeting mulling how to proceed with the Senate bill, which passed shortly after 2 a.m. Republicans are expected to meet again later Tuesday afternoon to try and settle on a decision.

In a real sign of trouble, House Majority Leader Eric Cantor, No. 2 in House leadership, came out in opposition to the package. . . . Read More

House Republicans Balking at Putting Rubber Stamp on “Fiscal Cliff” Deal; No. 2 Eric Cantor Says He Opposes the Deal in Current Form – 1/1/13

The Drudge Headline this morning, linking to this Breitbart story, pretty well says it all about the “Deal” passed by the U.S. Senate (89-8) last night to supposedly avoid the “Fiscal Cliff.” But the real “Cliff” of mounting debt and out-of-control spending by the Federal Government is still out there. It’s interesting to note that Sen. Marco Rubio and Sen. Rand Paul voted “No” on the deal. Both are possible GOP Presidential Candidates for 2016.

The House of Representatives has not yet voted on the “Deal,” and conservative House Republicans are not happy about the increase in taxes and almost complete lack of spending cuts in the deal worked out by Vice-President Joe Biden and Senate Minority Leader Mitch McConnell.

UPDATE 11:30 AM ET: Over at Hot Air, Ed Morrissey thinks the House Republicans will “grudgingly” go along with this deal. But Ed sees a possible “silver lining” in the deal for Republicans:

“The deal did not include any resolution on either the sequester or the debt limit. If there is a silver lining for Republicans, it’s that they have successfully delinked tax rates and spending issues in this fight. The next round of bargaining will deal only with government spending, and House Republicans will have the debt ceiling as a powerful card to play.

With the Senate voting 89-8 in favor of the bill, I’d guess that House Republicans will grudgingly go along with the deal, with a big assist from House Democrats this time around. They have until tomorrow to get the deal done in this session of Congress, though, so expect to hear plenty of debate first. . . .”

U.S. Senate Approves “Fiscal Cliff” Deal that Raises Taxes and has Virtually No Spending Cuts; Faces House Today; Marco Rubio, Rand Paul Vote “No” – 1//1/13

BREAKING: The Obama White House and the Republicans reportedly have agreed on a deal that will avoid the so-called “Fiscal Cliff” – at least for two months – but Vice-President Joe Biden is heading to the U.S. Capitol to sell the deal to the Democrats in Congress. Assuming they support their own President, the deal could be voted on in the Senate before Midnight tonight. But it only pushes back a couple of months another “Cliff” battle two-months from now over the Debt-Ceiling and spending cuts, which are not a part of this deal. Developing. . .

BREAKING: White House, Republicans Reach Agreement on “Fiscal Cliff” Deal; VP Joe Biden Heading to Capitol to Sell Dems on the Deal – 12/31/12

As Republicans and Democrats come to a last-second (actually past last-second) deal to supposedly avoid the “Fiscal Cliff,” outgoing GOP Rep. Ron Paul says it pretty well that there really is no admission by our leaders that the nation is bankrupt and spending is the problem.

GOP Rep. Ron Paul on “Fiscal Cliff” Deal: “We Have Passed that Point of No Return where We can Actually Get our House in Order”; “No Admission that the Country is Bankrupt” – Audio 12/31/12

Put as ONLY Charles Krauthammer can put it! He has Obama figured out.

“I found it astonishing. Here he is, coming out to speak to the nation at a crucial moment – in very delicate negotiations – and he comes out there with incredible arrogance. He ridicules the Congress. He spikes the football on the Republicans. He rubs in the fact that they were resisting a raise in rates, and he made them do it. And of course, as always, he places himself hovering benignly at an Olympian level above the fray, where the children are playing in the sand box and he’s asking that everybody be reasonable, as if he just arrived in Washington on a Tourist Visa.

And then he goes into detail. What he basically says, ‘I’m giving the Republicans zero on spending – and I mean zero – not even discretionary spending. This is after he killed a proposal from the Minority Leader in the Senate for the tiniest of changes in entitlements, change in the cost of living index, which is essentially a technical change. So, that’s rejected out of hand. So he’s saying tax hikes all in rates. No cuts in spending. . . .”

Krauthammer Blasts “Astonishing,” “Incredible Arrogance” of Obama Fiscal Cliff Presser Remarks – Video 12/31/12

Here is video of GOP Senate Minority Leader Mitch McConnell reporting “We have reached an agreement on all the tax issues” to avoid going over the so-called “Fiscal Cliff.” McConnell said a deal to extend current tax rates for most Americans is “very, very. close,” and that he would continue to work in the days ahead for ways to cut spending.

In other words, it appears Republicans are ready to agree to tax rate increases with no spending cuts. Dealing with the real Fiscal problem – runaway Government spending – is not going to be done once again.

GOP Senate Minority Leader Mitch McConnell: “We have Reached Agreement on All the Tax Issues” – Video 12/31/12

Here is video of Senate Majority Leader Harry Reid this morning saying no deal on the “Fiscal Cliff” has yet been struck, and “We are running out of time.” Reid said “negotiations are still continuing as I speak.”

Senate Majority Leader Harry Reid: “We are Running Out of Time” to Avoid the “Fiscal Cliff”; “Negotiations are Still Continuing as I Speak” – Video 12/31/12 UPDATED: AP Says “Contours” of a Deal Emerging

Here is video of both Charles Krauthammer and Evan Thomas on “Inside Washington” hammering Barack Obama for his failure as President to provide real leadership on the debt crisis facing the United States. Evan Thomas bluntly said, “This is not the Congress’s fault. Congress is behaving like Congress. This is the President’s fault.”

Journalist Evan Thomas on “Fiscal Cliff” Fiasco: “This is Not Congress’ Fault. . . This is the President’s Fault” – Video 12/30/12

Does the “Fiscal Cliff” await us? As of right now, looks like it could be. But there could still be an 11th hour deal. We’ll post updates here for tonight . . . Developing

“Fiscal Cliff” Watch – Sunday Evening Updates – 12/30/12

Here is video of Charles Krauthammer saying it would actually be a good thing if the country “went off the Milk Cliff” – because it would get the attention of the nation to see just how screwed up our system is right now:

“I do think if we went over the milk cliff it would actually be a good idea. If people actually saw the milk price double, it would be less abstract than watching a debt clock. They would finally understand that we have the insane laws that acquire barnacles over the decades. And the farm laws are the worst. They are all kinds of pressure, special interest favors, payoffs which make no economic sense. I’d like to wipe them out and start all over again and it would be good if the law expired. People would actually be awakened to how insane our system is and how much we really need tax reform. It wouldn’t be an abstraction. It would be real.”

“Understanding the Milk Cliff”

Krauthammer: “I Do Think if We went Over the ‘Milk Cliff’ it would be a Good Idea” – Video 12/28/12

Here is video of Democratic Senate Majority Leader Harry Reid and GOP Senate Minority Leader Mitch McConnell on the Senate Floor this evening after meeting with President Obama at the White House this afternoon, where they both said they had a “good meeting” on the “Fiscal Cliff.” Both indicated they are “hopeful” a deal can be reached and passed before the January 1, 2013 deadline.

It’s interesting that the House of Representatives sent a bill extending the current tax rates to the Senate months ago, and have been saying the Democratic-controlled Senate and President Obama need to act on it. Now, just three days away from the “Cliff,” there is tacit admission by Obama and the Democrats that it is the Senate that must act – what the GOP has been saying all along.

Reid, McConnell Say they had a “Good Meeting” with Obama on the “Fiscal Cliff”; “Hopeful” an Agreement can be Reached – Video 12/28/12

President Barack Obama will make comments on the “Fiscal Cliff” in the White House Briefing Room at 5:45 PM ET. . . developing

President Obama to Speak on “Fiscal Cliff” in White House Briefing Room at 5:45 PM ET. . . . – 12/28/12 UPDATED: Obama “Modestly Optimistic” a Deal can Get Done UPDATED with Video of Obama’s Remarks

Here is video of CNBC’s Rick Santelli going ballistic over the “Fiscal Cliff” fiasco. Santelli makes exactly the right point, that all the pathetic banter about a “deal” to avert the “Fiscal Cliff” is not even beginning to address the real “cliff” – the more than $16 Trillion National Debt and the $100 Trillion in “unfunded liabilities” facing the nation. Barack Obama has no intention of dealing with that because he wants to keep growing Government larger. Santelli says Obama, Congress, and Treasury Secretary Tim Geithner “don’t have a clue.”

CNBC’s Rick Santelli Goes Ballistic on the “Fiscal Cliff”; Says Obama, Congress, Geithner Don’t “Have a Clue” about the Real Debt Disaster Facing the Nation – Video 12/28/12

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