That's all fine and good, Dr. Sowell, but dammit I want my Obamaphone!
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...
Romney alluded to just what you said, and I think he was right.
Obama was going to pay the mortgages of the fools, and their car payments, from his 'stash', and they still voted for him, having settled for promises and cellphones. And fear and emotional appeals won the day.