Month: August 2011

At the outset there are two things that I would like to make clear. (1) I  really intended for this to be a short diary. (2) This is NOT an Obama bashing diary. I simply want to offer some opinions from my perspective of...

Assuming this debt ceiling bill actually passes, the next freak-out is going to be over the composition of the 12-member SuperCommittee that will be making recommendations for an additional $1.5 trillion in budget cuts over the...

. Countries well known for low taxation on its people are Greece, Italy and the United States (24% of GDP).  The average tax burden for OECD countries is 35%. During a recession, many countries use government programs to...

The debt deal is over. There is nothing we can do about that. Nothing. It’s a bad deal for an economy tipping precariously toward a rapid descent into a deeper recession and more unemployment. It has no stimulus in it at...

If you want the most positive spin on the debt ceiling agreement, you can choose between Jay Newton-Small and Deaniac83. Those are both good pieces that make solid arguments. I have to confess I’m a little mystified by the...