Should taxes be raised on people making $250,000 or more? David Callahan, Demos Public Policy Center New York City, and Dan Mitchell, Cato Institute, discuss. Here is a direct link.
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Should taxes be raised on people making $250,000 or more? David Callahan, Demos Public Policy Center New York City, and Dan Mitchell, Cato Institute, discuss. Here is a direct link.
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Danielle, I heard your segment on Michael Campbell’s Moneytalks, Nov 10. Did you by any chance hear his opening monologue in which he claimed that the Obama re-election confirmed a “Bear Market in government” and that a Romney win would have only delayed the inevitable collapse of the (my word’s) Progressive Model of Government? I hope you can comment.
An interesting video on the fiscal cliff
http://gregmankiw.blogspot.ca/2012/11/the-fiscal-cliff-primer.html
Yes, temporary, so that the deficit would explode, and they’d have an excuse to cut Social Security and Medicare funding. Same reason for the payroll tax going from 6.2 to 4.2% – so they could say with glee: SEE SOCIAL SECURITY IS BROKE, 20 YEARS EARLIER THAN PREDICTED. SEE! SEE! I TOLD YA SO!!NANANANA!!!
That was the whole reason for the tax cuts. Now you know the rest of the story.
The taxcuts were meant to bribe the american people to accept the wars the Bush administration was planning towage in the Middle East. The Bush administration wanted to perform “regime change” in 7 countries in 5 years. But they thought Iraq was going to be a “cakewalk”.
Something similar happened under the Johnson & Nixon administration. These presidents wanted to wage war in Vietnam but knew that would be unpopular with the american people. So, they dreamt up the “Guns & Butter” policy.