By marfdrat on January 2, 2013
Spending cuts? We don’t need no stinking spending cuts.
By marfdrat on December 13, 2012
With President Obama intent on raising taxes on anyone making $250,000, it seems certain that a lot of small businesses will be impacted. A Chamber of Commerce survey confirms this:
A survey of U.S. Chamber small business members found that impending tax increases will slow hiring and stall business investment and expansion:
By marfdrat on November 7, 2012
Are we heading for, or are we already on, the slippery slope? U.S. markets opened sharply lower this morning, to begin “adjusting” for a second term of the new normal.
Congratulations on the four more years, Mr. President. To celebrate, Goldman starts by cutting the Q4 GDP forecast from 1.9% to 1.5% and lets not forget that the same Goldman is predicting a 15% drop in the S&P in the next two months to get the Fiscal Cliff deadlock to break.
By marfdrat on January 31, 2012
…to keep the economy in the crapper for as long as possible. More great economic news from the Congressional Budget Office (via The Hill):
The Congressional Budget Office on Tuesday predicted the deficit will rise to $1.08 trillion in 2012. The office also projected the jobless rate would rise to 8.9 percent by the end of 2012, and to 9.2 percent in 2013. These are much dimmer forecasts than in CBO’s last report in August, when the office projected a $973 billion deficit. The report reflects weaker corporate tax revenue and the extension for two months of the payroll tax holiday.
By marfdrat on August 24, 2011
The Foundry has a demonstration of what happens to jobs when governments attempt to rectify their uncontrollable spending habits on the backs of the taxpayers: they diappear. Take the example of Illinois, whose employment started to decline when the governor annound plans to drastically increase individual and corporate tax rates:
Posted in Economics & Politics | Tagged Bob McDonnell, budget deficit, deficit, fiscal policy, Illinois, martin o'malley, maryland, republican governors association, tax increases, taxes, Virginia | Leave a response
By marfdrat on July 12, 2011
That’s Mitch McConnell, Senate Minority Leader, summing up efforts over weeks, months, and years to try and get something done about our national debt crisis. That’s not news to many of us, but it’s refreshing to hear someone who’s been involved in discussions to try and reach some kind of deal with the president -whose only solution remains “tax the rich”- speaking so frankly about it. From the Wall Street Journal: