Reuters — Deficit worries roil Senate debate on tax bill, leaders scramble for votes

Summary:
Deficit hysteria rises just prior to the hitting of the debt ceiling due on Dec. 8th, which will ratchet up debt phobia, too. What else is new in Moronville? Behind closed doors on Capitol Hill, concerns were mounting, however, about Republican Senator Bob Corker’s push for a snap-back “trigger” amendment to the bill that would raise taxes automatically, possibly on corporations, if economic growth targets are not hit in the future, to offset a higher deficit.Conservative Republican Senator Ted Cruz said at mid-afternoon that there were problems with the ”trigger“ proposal, and ”a significant number of members would have a serious problem“ if it only triggered tax hikes and not spending cuts.”... Reuters Deficit worries roil Senate debate on tax bill, leaders scramble for votes Susan

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Mike Norman considers the following as important: debt phobia, deficit hysteria

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