In response to:

Who's Afraid of the Fiscal Cliff?

Charles SWVA Wrote: Nov 27, 2012 2:34 PM
The solution is painless and obscure and will not require either raising taxes or decreasing spending. 1. Estimate the amount that will be raised by the current tax system. 2. Set the amount we wish to spend. 3. 2. will be much greater than 1. Print exactly enough money to cover the deficit. 4. Add the printed sum to the amount raised by taxes. Viola, the budget is now balanced. (Viola is the name of a girl I once knew, I did not misspeel the French, Voila) Economist say this will cause inflation. However much people may complain about the inflation, they are not smart enough to connect it will the printing of the money. Obama can explain it as a new technique introduced by the genius, Geitner. They cannot complain...
Were the average Republican asked for a succinct statement of his views on taxation, he or she might respond thus:

"U.S. tax rates are too high for the world we must compete in. The tax burden -- federal, state, local, together -- is too heavy. We need to cut tax rates to free up our private and productive sector and pull this economy out of the ditch."

This core conviction holds the party together.

Yet today the leadership is about to abandon this conviction to sign on to higher tax rates or revenues, while the economy is nearing stall speed. Yet,...