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Obama: Senate fiscal cliff bill ‘the right thing’



President Barack Obama gestures as he speaks about the fiscal cliff, Monday, Dec. 31, 2012, in the South Court Auditorium at the White House in Washington. The president said it appears that an agreement to avoid the fiscal cliff is “in sight,” but says it’s not yet complete and work continues. AP/CHARLES DHARAPAK

WASHINGTON—President Barack Obama says the “fiscal cliff” agreement reached by the Senate is “the right thing to do for our country” and is encouraging the House to “pass it without delay.”

The Senate voted 89-8 early Tuesday to pass legislation to block the impact of across-the-board tax increases and spending cuts scheduled to take effect at the beginning of the new year. The legislation would prevent middle-class taxes from rising, and raise rates on incomes over $400,000 for individuals and $450,000 for couples.

Obama says the bill takes a balanced approach to shrinking the US deficit by “investing in (the) middle class” while “asking the wealthy to pay a little more.”

The House is expected to vote on the bill later Tuesday or perhaps Wednesday.


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Tags: fiscal cliff , Fiscal Fight , Obama , US


  • Garote

    The financial crisis and the fiscal cliff were engineered by the Federal Reserve and globalist bankers to collapse US economy to take over the country. Obama is just their Manchurian-candidate elected president — the globalist bankers’ string puppet. The same bankers were responsible for the economic collapse of Greece, Iceland, Ireland, etc. and the coming collapse of UK, Japan and other world countries due to gargantuan debts fraudulently created by them with their evil plan to take global control of the world economy. The only solution to this world economic crisis is not to pay these debts in billions and trillions dollars because they are fraudulent loans



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