Archive for the ‘government fiscal policy’ Category

Stimulus equals deficits and higher taxes

Sunday, April 12th, 2009

Despite the passage of theĀ  American Reinvestment Act, also known as the Obama stimulus package, tax and spend states still cannot balance the budget. A recent Wall Street Journal article detailed how New York State continues to raise taxes - despite just having been handed $10 billion dollars via the American ...

Never ask a tax cheat to be your treasury secretary

Tuesday, March 17th, 2009

The twists and turns of our financial crisis are numerous and complicated. The blame cannot be lay entirely at the feet of any one entity or individual. However, just for today, let us consider the role played by our new Secretary of the Treasury, one Timothy Geithner:Mr. Geithner earned a ...