One of the many cuts in spending coming at the end of the year is billions in corporate welfare.
Another effect of pushing the GOP to the brink on the fiscal cliff is that taxes will go up, substantially, on investment bankers and venture capitalists like Mitt Romney.
In fact, taxes will raise the most on the top 1%, who get their government insured low tax profit from savings, capital gains, and pork barrel spending will see their rate jump from a measley 15% to 39%.
Its no wonder Liberals in DC are not budging to the 'hostage takers' of yesterday, who will gladly watch the corporate subsidies and tax carve-outs vanish on two of Americans most despised special interest groups: The Wealthy and Defense 'Contractors'.
I cant say Im sorry for Republicans, they will argue that raising taxes will damage the economy, but nobody is buying it anymore.
Americans spoke loudly against the billions poured into the political debate to oust democrats, only to have it hold back another tidal wave of voter disgust over congressional GOP antics.
Republicans had the chance to take a 10 to 1 deal but walked away, now it looks like they will be lucky to get anything at all.
The GOP gambled, Democrats and America won.
(by the way, Americans already hold a 2 to 1 prejudice against the GOP if budget negotiations eventually fail)
Suck It, Bitches."The worry is that Democrats will continue the failed strategy of the past, which is refusing to fight," said Adam Green, co-founder of the Progressive Change Campaign Committee. "To do so after the huge mandate of 2012 is absurd."