The rest of the story… ============ DETROIT (AP) – General Motors rolled out the Chevrolet Volt two years ago with lofty sales goals and the promise of a new technology that someday would help end America’s dependence on oil. So it seemed like a good thing in August when sales of the $40,000 car set a monthly record of 2,800. But a closer... Read more
Archive for the ‘Debt’ Category
Desperately Seeking Middle-Class Taxes
September 6 | Posted by mrossol | Debt, Economics, Tax Issues“Truth in Lending?” ====== Democrats in Charlotte are pounding away at the savage budget cuts that Mitt Romney and Paul Ryan supposedly favor and their phantom plan for “raising taxes on the middle class,” as President Obama puts it. The truth is the opposite, but table that for a moment. The President seems not to realize his critique is really a scorching... Read more
$25 Trillion in Debt by 2022
August 6 | Posted by mrossol | Debt, Obama“When Obama took office in 2009 he promised to slow the growth of the debt by cutting the annual deficit in half. At the time he said “We cannot and will not sustain deficits like these without end. Contrary to the prevailing wisdom in Washington these past few years, we cannot simply spend as we please and defer the consequences... Read more
Ryan and the Right
March 29 | Posted by mrossol | Debt, Economics, Tax IssuesToo logical for most on both the right and left to consider… ===== It’s no surprise that the White House has denounced Paul Ryan’s new House budget as the end of welfare-state civilization. The puzzle is why some conservatives are taking shots at the best chance in decades for serious government reform. A pair of freshman Republicans, Tim Huelskamp of Kansas and Justin... Read more
