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The Fiscal Cliff – Don't Jump!

Just an old soldier... Wrote: Nov 24, 2012 7:47 AM
I just read that GA Senator Saxby Chambliss has just renounced his pledge to not raise taxes. He said, "I don't worry about that because I care too much about my country,” he said. “I care a lot more about it than I do Grover Norquist." "I'm willing to do the right thing and let the political consequences take care of themselves,” Chambliss added. Amazing, Democrat-Lites have reached the conclusion that we need to raise taxes. There is NOT a revenue problem. There is a massive spending problem thanks to politicians like Saxby Chambliss. Read more:
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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