Relevant and even prescient commentary on news, politics and the economy.

House approves bill

Via NBC news Updated at 6:58 a.m. ET: An agreement to stave off the harshest and most immediate consequences of the fiscal cliff won approval in the House late Tuesday. President Barack Obama said he would sign the law, the battle over which foreshadowed more fights with Congress over spending.

"G.O.P. Anger Over Tax Deal Endangers Final Passage"

by run75411Op ed. G.O.P. Anger Over Tax Deal Endangers Final Passage NYT is reporting Eric Cantor and many other House Republicans will not vote for the Senate (89-8) passed Hr8 bill American Taxpayer Relief Act of 2012. Again another line is drawn in the sand for the President and whether he will use the political advantage the […]

Three definitions of Solvency for Social Security

Bruce Webb brings an interesting perspective to the current situation as pundits and politicians figure out ‘what is acceptable’ and what ‘they can live with’ her at AB and at his new website Social Security Defender: (see link below): Scheduled vs Payable Benefits: three definitions of Solvency As usual click to embiggen. When it comes […]

Who foots the "grand deal (no capitalization on purpose)" costs.

by run75411 Who foots the “grand deal (no capitalization on purpose)” costs. Everything You Need to Know about the Fiscal Cliff Deal “Wonkblog” Zachary Goldfarb This was the model to describe what would happen if the Grand Deal increase in taxes fell upon those Household Taxpayers making greater than $200,000 (individual) and $250,000 (family) (Tax […]

Happy New Year 2013

I wanted to say “Thank You” to all of Angry Bear readers, contributors, and commentors, who make Angry Bear such a deeply rewarding endeavor for me. It is a labor of love for all involved. Here is wishing everyone a healthy, happy and rewarding 2013!