Lieberman Fears Country May Go Over 'Fiscal Cliff'

Sunday, 23 Dec 2012 10:49 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Sen. Joe Lieberman says he feels "it's more likely than not" that the country will go over the "fiscal cliff" now that House anti-tax rebels rejected Speaker John Boehner's plan because it would raise rates on million-dollar earners.

Lieberman says going over the cliff "will be the most colossal consequential act of congressional irresponsibility in a long time, maybe ever in American history."

The Connecticut independent tells CNN's "State of the Union" that taxes will go up for most everyone, programs will be cut and the country probably will return to recession.

Lieberman says Senate Majority Leader Harry Reid and GOP leader Mitch McConnell "have the ability to put this together again and pass something" although it won't be the "grand bargain" to solve all issues over the long term.


© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Feds Arrest More Than 200 in Border Smuggling Crackdown

Tuesday, 22 Jul 2014 22:48 PM

Federal officials have made almost 200 arrests and seized more than $625,000 in illicit profits in a month-long crackdow . . .

Federal Courts Deliver Conflicting Rulings on Obamacare

Tuesday, 22 Jul 2014 13:54 PM

Two federal judicial panels on Tuesday delivered conflicting rulings on how the government subsidizes premiums through P . . .

Appeals Court in Va. Upholds Health Care Subsidies

Tuesday, 22 Jul 2014 13:12 PM

A federal appeals court in Virginia has upheld tax subsidies for low- and middle-income people who buy insurance under t . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved