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tax rates

Phony Fear Factor –

We live in a golden age of economic debunkery; fallacious doctrines have been dropping like flies. No, monetary expansion needn’t cause hyperinflation. No, budget deficits in a depressed economy don’t cause soaring interest rates. No, slashing spending doesn’t create jobs. No, economic growth doesn’t collapse when debt exceeds 90 percent …

Quote of the Day

“It’s not me being stubborn; it’s not me being partisan. It’s just a matter of math.” — President Obama, in an interview with Bloomberg, hardening his position that he’ll accept no fiscal cliff deal without an increase in tax rates on the wealthy. Quote of the Day.