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Fiscal Cliff Notes: Part II

Arnold54 Wrote: Dec 05, 2012 1:29 PM
Furthermore the revenues in the early years were also impacted by the recession and exacerbated by the 911 attacks. 911 and it's aftermath also resulted in huge spending increases for defense and Homeland Security.

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...