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Fiscal Cliff Notes: Part II

Kenneth405 Wrote: Dec 06, 2012 9:00 AM
Thank You Dr Sowell for the history lesson. Thank you for continuing in the style of Milton Friedman: Clear concise economic truths learned from History., I'm sure that Milton Friedman & Fredrick Hayek would be applauding you work.

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...