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Fiscal Cliff Notes

skywalker58 Wrote: Dec 04, 2012 9:06 AM
You will care when inflation is at 500% annually, when unemployment is at 40% and you can't find food or fuel. You will care when you can't walk down the street without fear of being mugged for your coat or your wallet. Socialism does not work, has never worked and never will work. The socialist utopia Obama and the Democrats are trying to create will collapse the system, the economy and it will be total anarchy. Survival of the fittest will rule and believe me, most of the dregs on welfare have been taken care of so long they won't know how to survive without government help. What are you going to do when you run out of other people's money.

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...