Fiscal Cliff: $4.75 in Tax Hikes for Every $1 in Spending Cuts
One of the left's favorite parlor games to play on Republicans is to ask them, hypothetically, if they would accept $1 in tax hikes for something like $9 or $10 in spending cuts. The game is designed to show that Republicans have some kind of unreasonable opposition to higher taxes. Republicans, however, realize it's a trick. The tax hikes are always real, while the promised spending cuts never materialize. This year, however, the slow-moving train wreck dubbed the "fiscal cliff" offers an even worse bargain. Unless a deal is struck, the "fiscal cliff" will deliver $4.75 in tax hikes for a measly $1 in spending cuts.