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Fiscal Cliff: Negotiation Failure Could be the Best Option - we're published in today's American Thinker
Howard Richman, 12/8/2012
We begin:
It should come as no surprise that the "fiscal cliff" negotiations are taking place under utterly bogus premises. Instead of significantly cutting $502 billion from the $1,327 billion per year 2012 budget deficit as would take place automatically if the negotiations fail, both parties in the fiscal cliff negotiations are planning to keep the budget deficits at well over $1 trillion per year. The U.S. debt-to-GDP ratio would continue to explode.
According to the Washington Post, the Republican proposal made on December 3 would only seek $220 billion per year in deficit reduction ($2.2 trillion over 10 years):...
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- The Reverse-Santa-Claus Negotiations Continue
- It Is "Across-the-Board" and a Tax Increase; It Is NOT "Over-the-Cliff"
- Again! Misleading Data From the Department of Labor
- Obama Wants to Continue the Discredited Keynesian Policies of the Past
- Obama asking for more balanced trade with China
- The Obama administration may be fudging the climate records
- Profiles of Courage on the Fiscal Cliff
- A Genuine Tax Reform: Increased Use of the Estate Tax and Integration of the Corporate And Personal Income Tax
- Will this be Boehner's "Peace in Our Time" Moment?
- US Trade Deficit with China Hits Another Record
- Sarah Palin: "We’ve Already Gone Over the Fiscal Cliff, Now It’s About How Hard We Hit Bottom"
- Fiscal Cliff: Negotiation Failure Could be the Best Option - we're published in today's American Thinker
- Rise in Initial Unemployment Claims Shows Lack of Economic Recovery
- The Real Fiscal Cliff
- Approaching the Fiscal Cliff Intelligently
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