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Obama’s Plan Is Worse than the Fiscal Cliff

Derek85 Wrote: Nov 17, 2012 6:05 PM
If we go over the "fiscal cliff" the Bush Tax Cuts are rescinded and the first $10,000 in earnings have increased taxes of 10%, while everyone else goes up 3%. The 47% who pay no taxes is substantially reduced. If the automatic sequesture happens, federal spending goes down by 10%. Obama's $trillion deficits pretty much go away. Lets go with that.

I took part today in a nine-person debate on the fiscal cliff for U.S. News & World Report. We were all asked, “Is Going Over the ‘Fiscal Cliff’ Necessarily the Worst Outcome?”

I said “no” because there are worse options, and I specifically explained that Obama’s class warfare agenda is even more destructive.

Readers are allowed to vote up or down on each presentation, so I’ll be curious about the outcome.

Here are some of the key excerpts from

Related Tags: Fiscal Cliff