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Fiscal Cliff Notes: Part II

1960Republican Wrote: Dec 05, 2012 8:11 AM
Ancient Rome not only had banks, but home mortgages and government bailouts of banks. The only new thing is savers's interest rates loser than 3%. That will eventually kill all investments.

Editor's Note: This column is part II in a series. Part I can be found here.

One of the big advantages that President Obama has, as he plays "chicken" with the Congressional Republicans along the "fiscal cliff," is that Obama is a master of the plausible lie, which will never be exposed by the mainstream media-- nor, apparently, by the Republicans.

A key lie that has been repeated over and over, largely unanswered, is that President Bush's "tax cuts for the rich" cost the government so much lost tax revenue that this added to the budget deficit-- so...