In response to:

Fiscal Cliff Notes

rreid Wrote: Dec 04, 2012 10:55 AM
As long as there are thousands of pages of loopholes in the tax code it matters not what the rate is. They are not going to make their bankrollers pay more!

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...