Higher taxes won’t much improve Washington’s finances and would likely wreck the economy. But as fiscal cliff talks intensify, a small group of Republican senators are prepared to help President Obama make the rich pay more – the facts notwithstanding.

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Federal deficits are out of control – averaging $1.3 trillion over the last four years – but those are not the product of reckless Bush administration policies that must now be reversed, as Democrats relentlessly argue.