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So What's Next, Mr. President?

dtalley Wrote: Jan 03, 2013 9:56 AM

Unfortunately, the country now has two economic models. The original one- capitalism, exercised by us at the lower levels of the economy and the crony capitalism- exercised by those of the political classes where it is easier to buy a political advantage than build a better mousetrap. See GE- they are not in a single industry that is not subsidized or controlled by government. Read more at: www.valuesofamerica.com

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So What's Next, Mr. President?

The worst part of the fiscal cliff deal isn't the specifics -- though they do stink. It's being reminded again how utterly detached Washington is from reality.

The question, now that we've finally hiked taxes on the rich (and doesn't everyone feel better knowing that life is that much fairer?), is: How are we going to continue paying for the government we've been promised? As it turns out, raising tax rates on the "wealthy," the most pressing issue of the Obama Age, amounts to a mere $62 billion of new revenue.

To put it in perspective, the deficit...

Related Tags: Budget and Government Taxes Fiscal Cliff