In response to:

Now It's Time for the Entitlement Cliff

Stanpauley Wrote: Jan 01, 2013 10:22 AM
Hmmmm! Sounds like Social Security, which I/we were forced to participate in. Still, I think S.S. was still a good idea in concept due to the fact that many (most?) people cannot or would not save for the future.

As the clock winds down on 2012, the Fiscal Cliff is all anyone seems capable of discussing. Right now it appears that some sort of narrow deal has just emerged that will include raising tax rates on family income over $450,000 a year, increasing the estate tax rate, extending unemployment benefits for one year, and delaying spending cuts.

But the prospect of higher taxes and the great uncertainty that has surrounded this fiscal fiasco has been acting like sand in the gears of the complex but sputtering U.S. economy. If additional taxes are not matched by real cuts in government...