In this, the last episode for 2012, I have a special treat.

First, as the countdown to the Fiscal Cliff continues, tax increases seem to be the only way Democrats in Congress think that we can close the deficit gap. But Michael Barone points out that, no, tax increases alone will never be enough. It’s not the panacea that Democrats claim it to be. Another point is that higher tax rates don’t typically produce more tax revenue. So, what is the solution?

And the special treat is a guest contribution by Meryl Yourish. She and I contributed to the late, lamented Shire Network News podcast. She’s now a published author, but she agreed to do a special segment for my podcast. Meryl’s often noticed the many double standards that are applied to the country of Israel that don’t apply to its neighbors. That’s right; it’s Israeli Double-Standard Time!

Mentioned links:

Why tax hikes will never be enough

Federal Debt, Revenue and Expenditures as a Fraction of GDP

Video–Obama in 2009: ‘You Don’t Raise Taxes in a Recession’

October 2012 Employment Report – Not Particularly Good News

75 Percent of Obama’s Proposed Tax Hikes to Go Toward New Spending

Meryl Yourish – This Writing Life

Yourish.com

Darkness Rising: Book One of The Catmage Chronicles

Regarding the above-mentioned double standard (Yourish.com)

Bibi and the world’s double standard on Israel (Yourish.com)

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Filed under: Budget & SpendingEconomics & TaxesGovernmentGuest ContributorsIsraelMediaMeryl YourishMiddle East