Bungee-Jumping Over the Fiscal Cliff

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Robert Reich: Excuse me for sounding impertinent, but isn’t this fear-mongering likely to buttress Republican arguments that the Bush tax cuts should be extended for everyone — including the rich?

The Great Switch by the Super Rich

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Robert Reich: Forty years ago, wealthy Americans financed the U.S. government mainly through their tax payments. Today wealthy Americans finance the government mainly by lending it money.