In response to:

So What's Next, Mr. President?

karpe diem Wrote: Jan 03, 2013 12:31 AM
i can predict a couple of things we will see as a result of the tax hike: people will have less money to spend so the economy cannot grow, more people will be unemployed and we will see a recession. those who can only see one side of any issue, as our president is an expert of doing so, can see plainly this coming. and i also predict that people will start paying those bills they can with cash. we will become a cash economy to hide as much income as possible because of the new taxes, so you will pay your plumber and gardener and pool man and electrician and handyman in cash. thus even less tax will be collected. those who only see one side will never see what they are bringing in, so get ready for big changes.
Dan107 Wrote: Jan 03, 2013 10:27 AM
I'm good with a black market economy.
AKFred1 Wrote: Jan 03, 2013 1:17 PM
Only problem with it is the inflation that will follow. You will need a big bag to carry cash around.
karpe diem Wrote: Jan 03, 2013 12:33 AM
as presiden Truman told his economic advisor:" i wish i had a one handed advisor" after he brought up an argument and immediately stated: "on the other hand". obama is that one handed economist, and we surely can see the results.
RHSimard Wrote: Jan 03, 2013 3:47 AM
You have it right. This state of affairs will come back and bite, and hard, and not all that long from now. The sheeple that re-elected the president, at least some of them, will have to face reality. Too bad that we who know better already will have to stand beside them.

(Great anecdote about Truman. Have to remember that.)

The worst part of the fiscal cliff deal isn't the specifics -- though they do stink. It's being reminded again how utterly detached Washington is from reality.

The question, now that we've finally hiked taxes on the rich (and doesn't everyone feel better knowing that life is that much fairer?), is: How are we going to continue paying for the government we've been promised? As it turns out, raising tax rates on the "wealthy," the most pressing issue of the Obama Age, amounts to a mere $62 billion of new revenue.

To put it in perspective, the deficit...