jeconomist Wrote:
Nov 22, 2012 8:12 AM
The article misstates the impact of the fiscal cliff on entitlements. The problem isn't that taxes were cut. The problem is that all entitlement taxes are driven on jobs. As taxes rise and spending falls, it is jobs that are lost. That is a major problem for Social Security, and the people who believe that the system can pay full benefits until 2033.