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Op-ed column

‘Fiscal cliff’ is bogus scare tactic by Obama’s opponents

Michael Osbun/Tribune Media
Michael Osbun/Tribune Media
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As the much-hyped “fiscal cliff” looms at the end of the year, there is talk about “comprehensive tax reform” as part of a deal to achieve deficit reduction. For Republicans and their allies who want to minimize the taxes paid by rich people, this is one strategy: Keep tax rates on rich people at historic lows — or even lower them — while supposedly closing some loopholes. These loopholes may or may not be closed, ...

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comments

gina99
November 18, 2012
7:52 a.m.

[ Flag Post ]

Printing money does not solve a recession and only further weakens the dollar. Every American should be worried about Obama's exploded deficits in the trillions of dollars. Not only evil right wingers. This trivialization of our fiscal crisis only postpones the inevitable. We need action not more rhetoric.

albright1
November 18, 2012
9:18 a.m.

[ Flag Post ]

Following this clown's reasoning, we could abolish the private sector and all work for the government. We would just print money to pay them. No problem.

duke1942
November 20, 2012
2:39 p.m.

[ Flag Post ]

This joker should go back to reporting the weather. All this crap talk about the supposed rich paying more will amount to an additional $95 billion per year (NOT the $1 trillion left talking point which is the 10 YEAR projection) in revenue to Uncle Sam. That pales in comparison to the $1.3 trillion budget SHORTFALL for 2012. Go look at this youtube presentation http://www.youtube.com/watch?feature=pla..., and you will better understand the actual fiscal cliff we are really on.

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