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The Fiscal Cliff – Don't Jump!

John28 Wrote: Nov 24, 2012 7:32 AM
It is time to cut the food stamp program all together. It is time to cut farm subsidies. It is time to eliminate the Department of Education and housing of Urban Development. It is time to privatize Amtrak and the Federal Aviation Administration.
As the nation nears the so-called fiscal cliff, Republicans in Congress must be wary of the solutions being put forward for a "grand bargain" by President Obama and Democrats in Congress. Unsurprisingly, the President and the Congressional Democrats are using tempting but dishonest rhetoric – calling for "fairness," a "balanced approach," and a "return to Clinton Era tax rates" to balance the budget.

This rhetoric is misleading for several reasons. First, Democrats are not really proposing going back to the Clinton Era tax rates. If income, capital gains and other tax rates were raised to Clinton Era levels, these higher rates would...
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