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Furthermore based on Obama's opening salvo at the debt ceiling negotiation in which he proposed close to 2 trillion in new taxes and virtually no spending cuts other then items that were already set to come off the books IE 1 billion in savings from ending the Iraq war it seems exceedingly likely that nothing will come of the fiscal cliff negotiations.
The one glimmer of hope is that it seems in statements made in interviews with congress members on both sides that they are open to compromise.
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