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Fiscal Cliff Notes: Part II

Dan107 Wrote: Dec 05, 2012 8:11 AM
When people rage about unfunded wars and tax cuts costing the government it is an immediate sign that they are clueless as to how economics works and their viewpoint is meaningless and delusional, driven by ideology. It would be so nice if they actually checked to see how their policies and noble theories are working in the real world.

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...