On The Fiscal Cliff And A Constitution In Crisis

Sunday, December 9, 2012
By Paul Martin

by Tyler Durden
ZeroHedge.com
12/09/2012

The Political Foundation of the status quo in America is based on a Grand Bargain of Complicity between the top 25% who pay approximately 90% of the taxes, and the bottom 50% who draw on the benefits that come from government. James Madison in the “Federalist Papers” outlined this complicity in the “Tyranny of the Majority”. What is becoming painfully evident is that the political elite in America have falsely over-promised on the entitlements that can be delivered, which is now surfacing in the political turmoil of the Fiscal Cliff negotiations and has the potential to quickly lead towards a constitutional crisis. The frayng of our social compact or Grand Bargain and much more discussed in this excellent clip.

The Rest…HERE

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