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Money & The Economy

News on Finance, Money, markets and the economy

The War on Tax Cuts

In their current battle to tax-and-spend us into economic collapse, the left has dug up or created every statistic they can to somehow justify taking more money away from Americans and letting the government spend it. This is not a new battle or a new position. Behold Senator John Kerry discussing tax cuts: Basically, you can’t be trusted to invest ...

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Are we on the verge of an Economic Collapse?

Are we on the verge of an Economic Collapse? In my opinion yes, and it is intentional, but I’ll let the CBO give you a heads up before I give my opinion. Federal Debt and the Risk of a Fiscal Crisis July 27, 2010 Economic and Budget Issue Brief Summary “Over the past few years, U.S. government debt held by ...

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Many Private-Sector Employees May Be Independent Contractors Soon

The last eighteen months have been the most traumatic to America’s businesses community ever.  The Obama administration started out by bashing those who run companies and those who invest in them: CEOs and Bankers.  Oddly enough, now those two demographics are a little punch drunk and unable to do what the American economy needs: make money, invest, grow, hire. From ...

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Recent Legislation Allows Congress to Track You

The new paradigm in Congress: Pass legislation first, then figure out what’s in it.  We have certainly learned much about the worthless health care reform bill and now a real head scratcher.  Section 9006 of Obamacare amends section 6041 of the IRS code so that when you buy or sell more than $600 of anything, within a fiscal year, you have ...

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Estate Tax to Return – Right to Property Threatened

Obama and his liberal cronies in Congress are bringing back the Estate tax.  This tax does most of it’s damage to family farms and businesses – it may very much threaten a key to Americas economic strength and what is certainly the last natural right that progressives have been unable to deface – the individual right to property. As this ...

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The U.S. Economic News You May Not Have Seen

Much of the last few weeks has concentrated on the difficulties that the over-entitled European economies are now facing.  News reports, like this one at TheHill.com have been careful to also point to Tim Geithner’s comments that, “The U.S. will not be harmed economically by the debt crisis in Europe”.  Mr. Geithner also repeated the Administration mantra that our economy, ...

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Spare the Rod, Spoil the Country

Scott Redler penned an article on Forbes.com that discusses how all the bailouts and rescue plans are setting the global economy up for a terrible fall. Well, I’ve got news for you: Spoiled children always grow up dysfunctional.  Rewarding nations for overspending and under-delivering sets a dangerous precedent. “Le Tarp” gives money to countries that have disregarded basic economic principles. It ...

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Good News on the Economy Questionable

Reading through headlines like “Online ad revenue up 2.6 pct in 4Q to $6.3 bln”, would point to some type of revenue-driven recovery.  With the huge number of recent print media failures and the terrible ratings results for the evening news outlets, why is only 2.6% considered good?  It should not be. 2.6% is somewhat indicative of inflation.  With the ...

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Are Wealthy Americans Leaving the Country?

I thought I would share my process for gathering viewpoint and facts.  Perhaps others would offer to put articles together in the future, but if nothing else, a look into how I brainstorm a publication: The high-middle and high-earners in America  pay for the majority of social programs implemented by Congress. With states facing nearly $100 billion in combined budget ...

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Obama's Deficit Panel Marginalized by .. Obama

President Obama house been touting his intent to put together an executive panel to review approaches to trim the soon to be $14 trillion federal debt.  His newest addition to the panel demonstrates that the President is not serious about doing much of anything on the deficit. Obama recently appointed the leader of the Service Employees International Union (SEIU), Andy ...

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4th Quarter GDP Number Misleading

The BEA published a revised report  on the U.S. G.D.P. for Q4 2009.  The revision was up .2 points from an already high 5.7%.  Taken at face value, 5.9% growth in the economy in a three month period sounds fantastic, but digging into the numbers and methodology aid in the understanding of why this is not as great as it ...

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The Economic 800lb. Gorilla in the Room

Everyone is talking about tight credit, greedy capitalists, overpaid CEO’s and a real-estate market that’s starting to crash yet again as the reasons that the recovery may falter.  While four months ago I fully believed that a double-dip recession was guaranteed, the risk is still there and has as much to do with something no one is talking about: Americans ...

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The Reason for State Budget Collapses: Tax Cuts

In a Washington Independent article, Martha White writes that tax cuts and reductions to federal expenditures are to blame for the collapse of state budgets: A decade’s worth of cuts in federal aid combined with states moving to copy Bush administration tax cuts have led to states filling revenue shortfalls with regressive tax policies that disproportionately affect the poorest Americans. ...

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The Rising Cost of Congress

For the last year, we have all been beaten over the head repeatedly with the notion that health care costs are rising so fast that families can’t afford their insurance.  Is anyone applying the same formula to Congress?  They don’t mind spending our money in a care-free manner. We’ve built numerous post-offices and airports as Congressional namesakes.  Fountains have been ...

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Obama Still Missing the Mark on What Americans Want

A landmark election result came out of Massachusetts on Tuesday and the White House doesn’t see the forest or the trees. In a stunning reaction to the election, the President attacks banks in an effort to limit their size and the amount of risk they can take on. One of his suggestions are to place a dividing wall between investment ...

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