Democrats appear to have the upper hand on the politics of the fiscal cliff, which might explain their brash pronouncements and mind-blowing conceptualization of "compromise." This morning I outlined three possible contingencies for Republicans, none of which is especially attractive. But is there a fourth way? The GOP's dilemma is a doozy. Their opponents, emboldened by the election, are pushing for counter-productive tax hikes on "the rich" -- a politically popular...
THe stark reality here is that once the balance of the world begins to refuse to purchase any more American debt; no one is going ot get a check. If the current report of 47% of American households rely on some type of monthly direct government subsidy payment are true. WHen the money train stops there are going to be an awful lot of completely destitute people in this country...
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