Greg, John and Pat continue to discuss the looming fiscal cliff. They share how both congress and the President need to work together because this is what the American people expect. However, it was former chief of staff Rahm Emmanuel who allegedly said, that a crisis should never be wasted. The question is, how far will this administration go? They continue to discuss the fallout Great Britain experienced when they raised the taxes of the millionaires in their country. Many of them left the country with their money to the detriment of the nation. If we continue to raise taxes on the top income earners, what will happen if they leave and move their businesses and money to another nation? The results will be that the rest of Americans will have their taxes raised and will have to pay what the top income earners were paying.
Courtesy of John David Bigl III/Shutterstock.com