Thread: Economics The Fiscal Cliff Approacheth
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Old 07-20-2012, 12:27 PM   #10
Amnorix Amnorix is offline
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Quote:
Originally Posted by patteeu View Post
It will be worth trashing the economy if we can stick it to those rich guys. /democrats

I think part of the reality here is that the Democrats are trying to get around Grover Norquist and his stupid tax pledge. Once the taxes go up, then the Republicans won't be voting for a tax hike for 2% of the population, they'll be voting for a tax cut for 98%. Assuming they stick to their guns and line this up in advance, they can be ready to go on January 3rd or whatever and the economy won't suffer as everyone will know that this is the deal.

Or perhaps you're right and the Democrats are willing to risk the economy on a philosophical point. Can't imagine where they learned that (hello debt ceiling limit).
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