In response to:

Fiscal Cliff Notes

Roy323 Wrote: Dec 04, 2012 11:56 PM
Ellwood-You really think Lon is "either ignorant or dishonest"/ Well that s one theory. All I know for sure is that he/she/it has been conspicuous by absence for a couple years, at least, and that has been a good thing. In the past I attempted to discuss matters with him a bit, but be prepared to argue at least three sides to every one story! At least that was/is my impression.

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...