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Republicans Have Already Lost Fight on Fiscal Cliff

Auspex Wrote: Nov 15, 2012 5:09 PM
Yeah, we need some good Adam Smither's to come around and "unchain the invisible hand a little (or a lot!)

You'll remember that President Barack Obama was the only candidate with a detailed plan to deal with the impending fiscal unpleasantness. And, as the president explained this week during his first press conference since winning re-election, "more voters agreed" with him, so naturally, it's time to give the people what they want.

So what do we win? Well, turns out there's only one detail worth remembering when dealing with the slew of tax hikes that kick in next year: We must reverse Bush-era tax rates on the rich. According to rosy projections of the Congressional Budget Office, this would...