In response to:

Republicans Have Already Lost Fight on Fiscal Cliff

olddog39 Wrote: Nov 15, 2012 12:30 PM
You forgot to add that since 1961 we have only paid the INTEREST on the national debt. You will always increase debt if you keep spending and only pay the interest. Worse than even min pay on credit cards.

You'll remember that President Barack Obama was the only candidate with a detailed plan to deal with the impending fiscal unpleasantness. And, as the president explained this week during his first press conference since winning re-election, "more voters agreed" with him, so naturally, it's time to give the people what they want.

So what do we win? Well, turns out there's only one detail worth remembering when dealing with the slew of tax hikes that kick in next year: We must reverse Bush-era tax rates on the rich. According to rosy projections of the Congressional Budget Office, this would...