Archive for the ‘Debt’ Category

Get Ready for a 70% Marginal Tax Rate

July 19 | Posted by mrossol | Debt, Economics, Obama

Basis Econ 101, or mayby 201… ======== By MICHAEL J. BOSKIN President Obama has been using the debt-ceiling debate and bipartisan calls for deficit reduction to demand higher taxes. With unemployment stuck at 9.2% and a vigorous economic “recovery” appearing more and more elusive, his timing couldn’t be worse. Two problems arise when marginal tax rates are raised. First, as college students learn in... Read more

The Disappearing Recovery

July 19 | Posted by mrossol | Debt, Economics, Socialism

Forgotten in most discussions of the U.S.-Europe comparison is that for the first 70 years of the 20th century, continental Europe’s growth rose alongside that of the world-leading U.S. and U.K., especially after World War II. Through the 1960s, he says, there was every reason to expect a common, high living standard for all of us. Then, “in the 1970s,... Read more

The Great Charade – Mark Steyn

July 17 | Posted by mrossol | Debt, Economics, Obama

But hang on. I thought the Social Security checks came out of the famous “Social Security trust fund,” whose “trustees” assure us there’s currently $2.6 trillion in there. Which should be enough for the August 3rd check run, shouldn’t it? Golly, to listen to the president, you’d almost get the impression that, by the time you saw the padlock off... Read more

Obama Owns the Debt-Ceiling Fiasco

July 15 | Posted by mrossol | Debt, Economics, Obama

By KARL ROVE President Barack Obama and Congress face a mess if the federal government hits the debt ceiling Aug. 2. The Bipartisan Policy Center, a Washington think tank, projects that the government will receive $172 billion in revenues between Aug. 3 and Aug. 31, but it is on the hook to spend $306 billion, leaving a shortfall of $134 billion. On... Read more

Obama Jobs

July 15 | Posted by mrossol | Debt, Economics, Obama

Researcher Jeffrey Anderson writing at the weeklystandard.com, July 3: When the Obama administration releases a report on the Friday before a long weekend, it’s clearly not trying to draw attention to the report’s contents. Sure enough, the “Seventh Quarterly Report” on the economic impact of the “stimulus,” released on Friday, July 1, provides further evidence that President Obama’s economic “stimulus” did... Read more

Revenues Increase without a Tax Increase!

July 15 | Posted by mrossol | Debt, Economics

Review & Outlook: California’s Millionaire Windfall – WSJ.com. Well, what do you know.

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