Thread: Economics The Fiscal Cliff Approacheth
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Old 07-20-2012, 01:35 PM   #10
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Quote:
Originally Posted by Amnorix View Post
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).
Has there ever been a President elected on the basis he's going to raise taxes? Is this really what he's gonna run on?
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