Since there’s no chance of any good tax reform with Obama in the White House, there’s no need to squabble over the best plan. Instead, our short-term goal should be to educate voters so that we create a more favorable intellectual climate for genuine reform in 2017 and beyond.
I hate to interrupt Obama’s “We Don’t Have a Spending Problem” World Tour. But if interest rates overall reflect the CBO’s forecast for the benchmark, interest rates payments alone will reach $1 trillion dollars by 2017.
Given their role in the companies’ failures, we should encouraging long-time Fannie/Freddie employees to leave, not stay.
On the week that we all have the IRS and taxes on our mind, however, it is instructive to look at the bigger picture.
Behind closed doors on Capitol Hill, a massive lobbying effort is underway. On a seemingly small issue with scant public attention, powerful special interests are looking to cash in their chits and strike a deal – a deal that will come at the expense of taxpayers.
No matter who the nominee becomes, if we can elect a Republican replacement for Barack Obama, America will have a rare opportunity to clean up one of its biggest messes.
Resolution of the European mess has been all about how to bail out banks at taxpayer expense even though banks brought this mess on to themselves by treating sovereign debt as if it had zero risk.
FCC rescinds church broadcast exemptions
Construction Spending "Once Again Defies Expectations" Much Weaker Than Expected; Four Reasons Economists Perplexed | Mike Shedlock