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Fiscal Cliff Notes: Part II

BK22 Wrote: Dec 06, 2012 9:17 AM
You are so full of BS.....declining revenue had nothing to do with the Bush tax cuts.....revenue fell due to the Clinton recession of 2000 (dotcom bubble burst) and then 9/11 in 2001. You really aren't that bright. Recent Spending You +1'd this publicly. Undo US Gov Revenue ... But in the 2000s with the dot-com crash and 9/11 government spending began ... But spending increased in the 2000s to 35 percent of GDP under the influence of the recession of 2000-01 and ... Federal spending as a percent of GDP has shown a decline in recent decades. .... FY13 budget due Feb 13 ...

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...