http://www.breitbart.com/Big-Govern...-41-1-in-tax-increases-to-spending-cuts-ratio
According to the Congressional Budget Office, the last-minute fiscal cliff deal reached by congressional leaders and President Barack Obama cuts only $15 billion in spending while increasing tax revenues by $620 billion—a 41:1 ratio of tax increases to spending cuts.
When Presidents Ronald Reagan and George H.W. Bush increased taxes in return for spending cuts—cuts that never ultimately came—they did so at ratios of 1:3 and 1:2.
“In 1982, President Reagan was promised $3 in spending cuts for every $1 in tax hikes,” Americans for Tax Reform says of those two incidents. “The tax hikes went through, but the spending cuts did not materialize. President Reagan later said that signing onto this deal was the biggest mistake of his presidency.
"In 1990, President George H.W. Bush agreed to $2 in spending cuts for every $1 in tax hikes. The tax hikes went through, and we are still paying them today. Not a single penny of the promised spending cuts actually happened.”
http://www.americanthinker.com/blog...r_boehners_version_of_debt_ceiling_talks.html Obama reneged on his White House deal with Biehner, McConnell and Harry Reid present.
Matt Bai also writes that Boehner thought he had worked out a deal with Obama, a deal which included $800 billion in additional revenues, largely from future growth. This would be worked out through projections involving a "macro estimate":
"(T)he macro estimate was essential to Boehner; he needed it to make the argument that a decent chunk of the additional revenue could come through growth and stepped-up compliance, and thus Congress wouldn't need to actually raise anybody's rates to get it done. Boehner left that Sunday meeting convinced that Geithner, in particular, understood and accepted this condition.
But in his counteroffer, Obama had reversed the formulation so that the tax revenue figure - now at $1.16 trillion - would be the minimum that rewriting the code could achieve (a floor), rather than a maximum (a ceiling). With a slight turn of phrase, he rejected Boehner's entire premise that growth could be counted on to deliver some of the revenue.
This is not the only time Obama reneged. He reneged on deals with both Republicans and some Dems in order to pass the health care bill, and bring its accompanying tax increases to American people. This was documented by Kent Conrad.
http://www.greatplainsexaminer.com/...ma-administration-reneged-on-healthcare-deal/
Obama is a bad-faith deal maker, changes the terms of agreed-upon deals, and doesn't fulfill his promises. He got his tax increases in two forms this year, and has yet to agree to make any entitlement or spending cuts that were not forced on him.