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Fiscal Cliff Notes: Part II

goldilocks Wrote: Dec 09, 2012 1:55 PM
So well omitted Bush's contribution to the federal deficit. Mortage crisis! Who did it? People change their economic behavior when "their" economics change. Coolidge! The one who proceeded Hoover. (IMHO, He got a bum deal.) So taxes revenues went up when tax rates went down as far back as Ciollidge? As a non-economist, I don't see how. If President Obama is playing chicken, then who is playing Fox?

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...