va1234 Wrote:
Nov 14, 2012 11:07 PM
There is no fiscal cliff. The US can print as much money as the US government wants to. It is true that with every dollar the US government creates every other dollar becomes less valuable. The people most concerned with the value of every dollar are those that have the most dollars, the 1%, or more specifically the .01%. Let’s consider another canard the rich are pushing. That is that keeping taxes low on the rich will lead to increased economic growth and that economic growth will lead to increased economic activity and thus more taxes and reduce the deficit. This was most recently asserted again by Grover Norquist, the best reason to have restricted immigration from Northern Europe when we had the chance, that keeping taxes low...