Are They Setting Us Up?
Simplistically, the federal deficit arises because government expenses far exceed revenues.
As we approach the “fiscal cliff,” Republican leaders are sending clear signals that they are willing to compromise on certain tax increases demanded by the Obama administration. That’s a good thing; taxpayers (myself included) may not like it, but it is necessary to bolster the income side of the equation.
On the other hand, unless I’m missing something, I’ve read and heard precious few specifics on the Democrats’ willingness to reduce expenses — most notably the “sacred cow” entitlement programs. Are we being set up, with support of the liberal media, for more of the blame game directed at the millionaires and billionaires if we fall off the cliff?
Don’t bet against it.
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