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The Fiscal Cliff – Don't Jump!

patsfan68 Wrote: Nov 24, 2012 10:13 AM
It will be another smoke & mirrors with Republican caving in as the heat is turned up by the liberal media! Also, Boehner, Cantor, McConnell & Ryan (Go Check the record, he is shieded by the republican media! - same guy who talks big but toes the line with Boehner everytime!) do Not believe in real cuts! Have you ever heard any republican politican really tell the american public that there is No Cut But Just Lower Growth of Spending!! The reason is that they do Not want their hands tied when they are in charge of the goernment! Unless there is third party made of Tea Partyers & Conservatives.....there is No hope that the Debt problem will be solved.
Charles SWVA Wrote: Nov 24, 2012 4:43 PM
pats, you must distinguish between debt and deficit.

We can deal with the deficit, that is the yearly excess of expenditures over revenue.

We cannot - and will not deal - with the debt problem. It is TOO BIG and no one, especially our children and grandchildren want to pay for past excesses. It will be monetized or refuted or some combination of both.
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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