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Alan Greenspan, Born-Again Deficit Hawk
12 hours ago ago from Crooks and Liars
In October 2008, former Federal Reserve Chairman Alan Greenspan famously admitted during testimony before Congress that he was wrong about regulation of the U.S. financial system. Asked by Henry Waxman (D-CA) if "your ideology was not right, it was not working?" a humbled Greenspan lamented: "I made a mistake in presuming that the self-interests of organizations, specifically banks and others, were such as that they were best capable of ...
Related contentGerman tax cut Christmas gift will backfire in 2011
1 day ago ago from Boris's Blog
Hooray, Germany can look forward to a series of tax cuts next year (in addition to winning the football world cup in South Africa)! But once economic growth is back on solid ground, in order to bring the soaring budget deficit under control, the country is in for severe hikes that are unlikely to go down well with business or consumers. If at least the tax cuts were worth the creepy outlook Government spending ...
Related contentIrwin Stelzer: Looking for compromise in dire economic straits | Washington Examiner
3 hours ago ago from washingtonexaminer.com | Opinion Articles - Irwin Stelzer | Editorials on Top News Stories | Washington Examiner
Washington Examiner home delivery | classifieds | autos | jobs | real estate | home listings | advertise Welcome, My Account Log out Welcome, Guest Sign In Register Friday, December 18, 2009 | Last Update 7:04 EST View today's E-Dition HOME POLITICS NATION LOCAL WORLD OPINION ECONOMY SPORTS ENTERTAINMENT CALENDAR ...
Related contentAlan Greenspan says Trickle Down Reaganomics failed
21 hours ago ago from JoeWo Joe Wosik Blog
Video is l ocated here Alan Greenspan says Trickle Down Reaganomics failed The bottom line for this video is that Alan Greenspan says and the former Comptroller of the US Alan Walker agrees that smaller tax increases early result in FAR FAR less debt down the road thanks to the mathematical miracle of compounding. Or as we are living FAR FAR higher debt again due to compounding. Imagine if we had no Reagan tax cuts. Imagine ...
Related contentFrom here on in…
19 hours ago ago from The Cedar Lounge Revolution
It's interesting to read a certain convergence in the opinions of Garret FitzGerald and Vincent Browne last weekend. Add to that mixture Fintan O'Toole and one will see that even by it's own lights, and eschewing the approaches championed here and elsewhere which have clearly now been entirely ignored, there are some significant gaps in the approach by Government to the financial crisis. And here, by way of a preface, I want to point to ...
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Estate Tax Is Expiring, but Death Won’t Last
13 hours ago ago from The New York Times
WASHINGTON A Congressional tax standoff has opened a window of opportunity for wealthy Americans determined to avoid paying up post-mortem. Blog With lawmakers unable to agree on a year-end fix for a quirk in the Bush-era tax cuts, the federal estate tax is set to be repealed for one year as of Jan. 1, meaning that those who suffer a timely death could escape the usual certainty of taxes. If you are at the checkout ...
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