Democrats appear to have the upper hand on the politics of the fiscal cliff, which might explain their brash pronouncements and mind-blowing conceptualization of "compromise." This morning I outlined three possible contingencies for Republicans, none of which is especially attractive. But is there a fourth way? The GOP's dilemma is a doozy. Their opponents, emboldened by the election, are pushing for counter-productive tax hikes on "the rich" -- a politically popular...
changes that are inevitable, that are underway right now. In some ways, these changes are unbelievably good. Investors, for example, who buy natural gas assets now, while prices are still incredibly low, will likely make an absolute fortune in the years to come. But some of these changes are very bad and they're very dangerous to people who value their Liberty, the tradition of limited Govt, the American ethos of fair play, hard work. There's nothing much P-S can do about the mad lust for power we're about to see unleashed in the White House. P-S can only warn us about it. There's no way we can hope to outvote the masses, especially when more Americans than ever before are already on the Govt dole, nearly half of America pay no taxes !
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