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Fiscal Cliff Notes

Rabbs Wrote: Dec 04, 2012 8:03 PM

Why does the GOP not say to the POTUS "have your way" and get on every podium across the nation and say that we have conceded to "HIS GREATNESS" and his economics; then let the chips fall where they may. Smart people will be prepared.

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Pat1392 Wrote: Dec 04, 2012 9:25 PM

Yes

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Fiscal Cliff Notes

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...

Related Tags: Budget and Government Inflation Tax the Rich Jobs and Economy Taxes Fiscal Cliff