In response to:

Republicans Have Already Lost Fight on Fiscal Cliff

wulf73 Wrote: Nov 15, 2012 10:07 PM
A "dollar of tax hikes and a dollar in spending" would do absolutely nothing because they cancel each other out, Mr. Harsanyi. Why don't people get that? If I save a dollar and then spend a dollar, have I really saved a dollar? NO! I am now where I started. To make the math easier, let's say I have $50. Now I save a dollar, I now have $51. Now I spend a dollar, I now have $50. I am back to where I started. It's out of control spending and fuzzy math that got us into this mess. No wonder so many Americans are in debt, and our children rate so low worldwide in math, they are being taught by idiots.

You'll remember that President Barack Obama was the only candidate with a detailed plan to deal with the impending fiscal unpleasantness. And, as the president explained this week during his first press conference since winning re-election, "more voters agreed" with him, so naturally, it's time to give the people what they want.

So what do we win? Well, turns out there's only one detail worth remembering when dealing with the slew of tax hikes that kick in next year: We must reverse Bush-era tax rates on the rich. According to rosy projections of the Congressional Budget Office, this would...