Will the Democrats Tax the Rich to Avoid the Fiscal Cliff?Quicklink submitted by Sheila Samples Permalink
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|Literally the day after the election a sudden 'urgency' gripped the nation: the imminent danger of the so-called 'fiscal cliff' -- the national automatic tax increases and spending cuts due in January. The media screamed that the suddenly approaching fiscal cliff would trigger a recession, forcing Democrats and Republicans to consider a 'grand bargain' budget deal to avoid disaster. Of course the fiscal cliff was looming throughout the presidential campaign; politicians simply agreed not to talk about it, since they shared -- more or less -- the same very unpopular 'grand bargain' solutions: austerity cuts to Medicare, Medicaid, Social Security, and other popular social programs.|
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