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Keyword: ficalcliff

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  • Fiscal Cliff Notes: Part II

    12/03/2012 9:12:30 AM PST · by jazusamo · 10 replies
    Creators Syndicate ^ | December 4, 2012 | Thomas Sowell
    One of the big advantages that President Obama has, as he plays "chicken" with the Congressional Republicans along the "fiscal cliff," is that Obama is a master of the plausible lie, which will never be exposed by the mainstream media— nor, apparently, by the Republicans. A key lie that has been repeated over and over, largely unanswered, is that President Bush's "tax cuts for the rich" cost the government so much lost tax revenue that this added to the budget deficit— so that the government cannot afford to allow the cost of letting the Bush tax rates continue for "the...