MoreFreedom Wrote:
Nov 15, 2012 12:20 PM
"there would certainly be a definite economic upside to averting the fiscal cliff" At least Glass acknowledges this is all based on Keynesian theory (which doesn't match reality - history shows when governments cut spending, the economy improves). And both parties confuse government spending and prosperity, saying government spending increases prosperity (they don't say, but it only increases prosperity for the political class and rent-seekers - the rest of us have to pay for it). Whether or not the tax cuts are extended or not, I look forward to the reductions in government spending, or we'll find the real fiscal cliff where we find we can't pay back our government debts, except by the government printing the money.