Blog Archives

Cartoon(s) of the Week – Congress and the Economy

Jim Morin in the Miami Herald:

On the heroism of John Boehner and Mitch McConnell…

– and –

Joel Pett in the Lexington Herald-Leader:

Of course McConnell has a different way of supporting the economy…

– and –

Ken Catalino of Creators.com:

But at least we know whose side they are on…

Let’s listen to Greenspan…

clipped from www.huffingtonpost.com

Former Fed Chairman Alan Greenspan said that the push by congressional Republicans to extend the Bush tax cuts without offsetting the costs elsewhere could end up being “disastrous” for the economy.

In an interview on NBC’s “Meet the Press,” Greenspan expressed his disagreement with the conservative argument that tax cuts essentially pay for themselves by generating revenue and productivity among recipients.

“They do not,” said Greenspan.

“I’m very much in favor of tax cuts but not with borrowed money and the problem that we have gotten into in recent years is spending programs with borrowed money, tax cuts with borrowed money,” he said. “And at the end of the day that proves disastrous. My view is I don’t think we can play subtle policy here.”

President Obama has pledged to continue the tax breaks for those individuals making under $200,000 and those families earning less than $250,000.
  blog it
I hate to say it, but those Congressfolk, many of whom make over $200K per year… especially the leadership… are going to fight tooth and nail to preserve their tax cuts, Party position or none…