TrimTabs' Charles Biderman explain why the fiscal cliff should be more about cutting ineffective government responsibilities than taxes.
"... Am I alone in saying that fiscal cliff conversations focusing only on tax rates are hiding the real problem. Are those not talking about government spending as the major issue simply ignorant? It could be that in an economy where nobody cares about real time data, that reality is just not as important as feeling good about ourselves, whatever that means and implies.
"Stopping the increase in government spending is the only one real solution to the fiscal cliff. A solution that focuses mainly on tax increases will end the fiscal cliff conversation, but will certainly not keep us from falling off the cliff. So without serious spending cuts, we will keep ignoring reality, hoping for a miracle and we will keep kicking the can down the road. At some point, of course, the can will become too heavy to kick. ..."