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Where Do Today's Federal Deficits Come From?
21 hours ago ago from The Good Democrat
Not from Obama That's right. The Bush 2001 tax cuts, and the two wars that Bush began. Possibly related posts: (automatically generated) Posted in American politics Name * Email * Website Your response: Notify me of follow-up comments via email.
Related contentPlucking the Feathers of Taxpaying Geese
12 hours ago ago from Investing Caffeine
The art of taxation consists in so plucking the goose as to get the most feathers with the least hissing. ~Jean Baptist Colbert With exploding deficits, multiple wars, healthcare reform, and a sluggish economy, there are two logical immediate choices on how to improve our current financial situation: 1) Cut spending . This is not a desirable option for politicians since benefit cuts to voters are not appreciated come ...
Related contentDeficits Are A Symptom Of The Real Problem: Spending
21 hours ago ago from Say Anything
Milt Friedman once said that our nation would be better off with big deficits but a smaller overall budget than with a big budget with smaller deficits. His point being that it's the size of the government that's the problem, because more government means more burden on the economy. Dan Mitchell from the Cato Institute makes this same point, saying that while deficits aren't a good thing the fact that our government spending (and thus ...
Related contentSenate Bill passes
6 hours ago ago from StopGovernmentMedicine's Blog
In the wee hours, hiding behind a shroud of darkness the Democrats passed a bill which will increase premiums, decrease choice, increase taxes, and cut benefits to Medicare. Today, they are pretending that it is a good thing, but if it were something to be proud of: 1) They would have debated it in the open and during regular hours, not hiding from their constituents 2) They would not have been happy to pass it during an election ...
Related contentMore ugly and foolish populism from the NY Times Op-Ed Board.
16 hours ago ago from Belligerati
Taming the Fat Cats is a terrible Op-Ed from the NY Times that encourages Obama and the rest of the federal government to put in place a 50% bonus tax similar to the one England has put in place this year and France is planning. The essential argument they make is that 1) these banks wouldn't have profits to pay out bonuses with Federal help, 2) the misbehavior of these firms is what got us into this mess, and 3) all the other countries ...
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