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A Victory for Demagoguery

Earl29 Wrote: Dec 11, 2012 11:16 AM
No matter what deal is made, the national debt will be over $25 Trillion in 2020. This nation is headed for economic disaster that will not be averted. The Democrats will never cut spending. Anyone who believes they will belongs in a home for the terminally gullible.

I'm in the camp that believes Republicans have no choice but to agree to raise taxes on the top 2 percent of earners. The party has been successfully caricatured as the servant of the rich. This is unjust, yes, but justice is imperfect in this life. It's political suicide for Republicans to stand fast on maintaining current rates for high earners even at the cost of raising taxes for everyone else. Imagine if we went over the fiscal cliff. In January, Obama would call upon Congress to pass a law restoring the tax rates for 98 percent of filers. What could...