Here is the plan the geniuses in Washington have come up with. Left side is tax increases under the Senate's plan that apparently will pass the House, $62 billion. Left is the 2011 budget deficit, $1,089 billion. Bigger version is here.
Then there is this observation:
It will soon become apparent that the fiscal cliff deal, including precisely the tax increases that Obama has been demanding for four years, makes hardly a dent in the deficit. At best, it will reduce the deficit by five or six percent. We will continue to run up deficits of close to $1 trillion a year, and the national debt will continue to grow, as Obama has always intended. This fact can’t be hidden; it will be reported. . . . All of this is another way of saying that, with the Democrats’ BS about raising taxes on the rich out of the way, we can have a rational debate about the country’s fiscal future. And that is a debate the GOP can win, as most voters continue to believe that it is better to cut spending than to raise taxes on them.
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