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Fiscal Cliff Notes

Words Wrote: Dec 04, 2012 7:56 PM
We only have a couple of weeks left! We are all supposed to drown. For some reason a bunch of people think space aliens are coming to rescue them from some mountain in France. The Maya never wrote about that! LOL

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...