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Fiscal Cliff Notes

Cal18 Wrote: Dec 04, 2012 9:02 AM
Thomas Sowell for president! Oh right. That ship just sailed.
Pat1392 Wrote: Dec 04, 2012 9:23 AM
You guys might be on to something--the Republicans are going to have to put together a real team for 2016 and they will know which one can win....but the team has to get the message out in 2013, 2014, and 2015

Amid all the political and media hoopla about the "fiscal cliff" crisis, there are a few facts that are worth noting.

First of all, despite all the melodrama about raising taxes on "the rich," even if that is done it will scarcely make a dent in the government's financial problems. Raising the tax rates on everybody in the top two percent will not get enough additional tax revenue to run the government for ten days.

And what will the government do to pay for the other 355 days in the year?

All the political angst and moral melodrama about getting "the rich" to pay...