Day: September 28, 2010
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How Tax Brackets Work — 250001 Income Pays Five Cents More Tax
This discussion of whether to get rid of the Bush tax cuts for the rich has been a learning experience. I have been listening on the radio and reading the comments at blogs. The main thing I am concluding is that people just do not understand how tax brackets work. When people talk about raising…
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The Myth of the Spurned Centre
Clive Crook, columnist for the Financial Times, urges President Obama to “betray” his base, and lead from the “centre.” Brits offering political strategy for American presidents are a bit like Americans telling Italians how to improve their pasta. And Crook’s analysis is as divorced from U.S. realities as his spelling. But it represents what will…
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Top 10 Crazy Things Conservatives Say About The Economy
It\’s been 20 months since America embraced a progressive path after decades of conservative failure. How have conservative leaders reacted since then? By reassessing what went wrong on their watch and offering fresh ideas? Or by completely losing their minds? For the next several weeks, OurFuture.org will seek to answer that question, with the weekly…
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Wall Street Noir Moodys Double Agent Ratings
What happened to Moody\’s is what happens to every \”agent\” who thinks he can serve two masters. The sad thing is that it keeps happening, even though we\’ve seen this movie before. Credit rating agencies are supposed to monitor debt that\’s issued by financial institutions and governments. It\’s their job to protect investors from purchasing…