In response to:

Fiscal Cliff Notes

wodiej Wrote: Dec 06, 2012 1:34 PM
the rich don't pay taxes. Why do you think wealthy Buffet, Hollywood and other rich people including conservatives do not care if obama does this? Businesses don't care either. They all use tax loopholes, deductions and overseas bank accounts to shelter their money. BTW....businesses won't have a reason to hire anyone either. Those are the only kinds of taxes they are actually required to pay and w obamacare set to start within a year, forget it.

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...