In response to:

Fiscal Cliff Notes

NewJAl Wrote: Dec 04, 2012 7:55 AM
I agree, except that the growth has been so multiplied by Obama. The debt has been spectacularly increased, and Bush and all were frugal, when compared to Obama. Their direction was wrong, his direction is fatal to the USA, as it has been.

Amid all the political and media hoopla about the "fiscal cliff" crisis, there are a few facts that are worth noting.

First of all, despite all the melodrama about raising taxes on "the rich," even if that is done it will scarcely make a dent in the government's financial problems. Raising the tax rates on everybody in the top two percent will not get enough additional tax revenue to run the government for ten days.

And what will the government do to pay for the other 355 days in the year?

All the political angst and moral melodrama about getting "the rich" to pay...