In response to:

Fiscal Cliff Notes: Part II

johnm h Wrote: Dec 05, 2012 6:51 AM
He might also point out that the current fear that taxes will go up on most Americans if the Bush tax cuts completely snap back is because most of those tax cuts favored the lower brackets. These actually cost revenue with no positive effect on the economy because folks at the lower brackets spend their little bonuses, they don’t invest it. Of course this was the intent because Bush’s people were also Keynesians.

Editor's Note: This column is part II in a series. Part I can be found here.

One of the big advantages that President Obama has, as he plays "chicken" with the Congressional Republicans along the "fiscal cliff," is that Obama is a master of the plausible lie, which will never be exposed by the mainstream media-- nor, apparently, by the Republicans.

A key lie that has been repeated over and over, largely unanswered, is that President Bush's "tax cuts for the rich" cost the government so much lost tax revenue that this added to the budget deficit-- so...