Update: *Additional numbers added Digby wrote a few days ago about the“grown-up” people coming to town to save America from the deficit. She listed a few of those people and their annual income. Also, a few days ago the Senate had a vote on the tax cuts. Letting the Bush cuts go (I’m […]
by Linda Beale Payroll Tax Cut -Keystone vote up Saturday at 9 in Senate Apparently, Senate leaders on Friday ironed out the difficulty between the GOP and the Democratic party. The GOP got most everything it wanted, and the Dems got just barely more than nothing. That’s the way “negotiating” seems to go in the Congress […]
When I left this series in September, I had introduced the idea of looking at past tax tables as a means of understanding how We the People define rich. One specific note from history was a surcharge on top of themarginal tax rates to pay for the Great One (WWII). Obviously, that aspect of our […]
Angry Bear PGL wrote this post in 2007 reflecting the shape of politics and media soundbites of this current and constant election campaigning over the current two years to 2012 elections: In case Mr. Romney hasn’t seen my question. let me restate it. How will you address the long-run fiscal problem, that is, will you […]
by Daniel Becker This is an interview of Joseph Stiglitz on Democracy Now regarding his article in the current Vanity Fair. He discuss the issue of income inequality, taxes, etc and how it has set us up to be less of a land of oportunity than what old Europe was. A few quotes: The question […]
As the CUTGO Congress attempts to return to the spending ways of 2001-2008, the parallels grow clearer. A simple table to allow easy comparison of the major initiatives of 2001 and 2011 is presented below.
Update: Brad DeLong looks at the data and suggests that the problem may be that the current President is as innumerate as the previous one. Mark Thoma quotes James Kwak: So no, I don’t think Obama is abandoning his principles for political advantage; I think these are his principles. And while I’m upset at him, […]
Baseline Scenario links to Simon Johnson’s thoughts on current practice of politics. Well worth the time to read and comment. Delusions Of Fiscal Grandeur by Simon Johnson If you honestly believe that investors will happily buy up any amount of US government debt (at low interest rates) for the indefinite future, then relax. The tax […]