In response to:

Fiscal Cliff Uncertainty Already Causing Economic Harm

bbtruth Wrote: Dec 27, 2012 4:57 PM
One thing I've noticed. Liberals and some conservatives seem to think there will be no pain involved in fixing the gigantic mess we've made. You can't have your cake and eat it too.
psydoc Wrote: Dec 27, 2012 5:17 PM
They are borrowing the ingredients for the cake.

I have to disagree with republicans who say we only have a spending problem. We have both a spending problem and a revenue problem. In order to even begin working toward a solution, democrats must realize that the problem can not be addressed by simply taxing the rich. Every working citizen (also legal and illegal residents) are going to need to have some skin in the game; i.e., pay some income taxes.
While President Obama flies back to Washington in order to try to force Republicans to pass his fiscal cliff plan once again, forces are already at work causing real harm to the economy. And despite all this, there are some who think that going over the cliff is still worthwhile.

Ben Bernanke said that policy uncertainty, both about the fiscal cliff and the debt ceiling, are already affecting private spending and investment.

Speaker John Boehner's "Plan B," which would have raised tax rates on some high-income Americans, was never brought up for a vote for the fear...