In response to:

Now It's Time for the Entitlement Cliff

Dorothy152 Wrote: Jan 01, 2013 1:22 PM
Why not face up to the fact that Social Security, Medicare, Government pensions and Obamacare are nothing but big Ponzi schemes the government invented and the only way to pay for them is to 'grab' someone's money regardless of how hard they worked for it. Looks like a form of Communism has arrived even if we don't recognize it!

As the clock winds down on 2012, the Fiscal Cliff is all anyone seems capable of discussing. Right now it appears that some sort of narrow deal has just emerged that will include raising tax rates on family income over $450,000 a year, increasing the estate tax rate, extending unemployment benefits for one year, and delaying spending cuts.

But the prospect of higher taxes and the great uncertainty that has surrounded this fiscal fiasco has been acting like sand in the gears of the complex but sputtering U.S. economy. If additional taxes are not matched by real cuts in government...