Comparing the fiscal cliff deals

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Dylan Matthews charts the final “fiscal cliff” deal alongside the various offers and counteroffers between President Obama and House Speaker John Boehner during the negotiations.

The ultimate deal contained no spending cuts (save an offset for the Medicare “doc fix”), $632 billion in new revenue ($12 billion of which comes from an IRA gimmick) and $30 billion in stimulus spending in the form of extended unemployment insurance.

That’s a lot less revenue than Obama wanted and Boehner offered — and a lot less stimulus than Obama initially demanded — but it’s also a lot less spending than either side wanted to cut initially.

Peter Schorsch is the President of Extensive Enterprises and is the publisher of some of Florida’s most influential new media websites, including SaintPetersBlog.com, FloridaPolitics.com, ContextFlorida.com, and Sunburn, the morning read of what’s hot in Florida politics. SaintPetersBlog has for three years running been ranked by the Washington Post as the best state-based blog in Florida. In addition to his publishing efforts, Peter is a political consultant to several of the state’s largest governmental affairs and public relations firms. Peter lives in St. Petersburg with his wife, Michelle, and their daughter, Ella.