In response to:

Now It's Time for the Entitlement Cliff

jrobson Wrote: Jan 01, 2013 10:01 AM
If the jobs are all sent to other countries, then what? I live in one of the highest unemployed areas in Oregon... I see this everywhere! Young people and old people just don't have job opportunities anymore. The only jobs available take PhD's or some other specialized training. Going back to get that training probably means being at least $30,000 in debt to the Government. That level of debt does not insure a job, and if one is found, either you have to relocate or accept a low paying one that just might entitle you to food stamps. What a mess.

As the clock winds down on 2012, the Fiscal Cliff is all anyone seems capable of discussing. Right now it appears that some sort of narrow deal has just emerged that will include raising tax rates on family income over $450,000 a year, increasing the estate tax rate, extending unemployment benefits for one year, and delaying spending cuts.

But the prospect of higher taxes and the great uncertainty that has surrounded this fiscal fiasco has been acting like sand in the gears of the complex but sputtering U.S. economy. If additional taxes are not matched by real cuts in government...