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Fiscal Cliff Notes: Part II

Bob2408 Wrote: Dec 05, 2012 9:49 AM
It's tragic that: 1) no one seems capable of presenting these truths to the vast majority of Americans; 2) this administration has created such a hostile socio-economic environment that these truths would be summarily dismissed as "fantasy;" and 3) our failure to teach solid economic principles at the high school level has led to an epidemic of economic ignorance from coast to coast. Now, Detroit is looking for a bailout from DC as payback for their overwheming votes for Obama. I'll bet they get it too; but it means the $$$ will have to first be extracted by force of law from the taxpayers. And when they do get bailed out, look for several other close-to-bankrupt cities AND STATES like CA and IL, etc., to follow suit.

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...