Comments on: Dems: We Insist on Stimulus, By Which We Mean Things Like Extending Unemployment

By: back taxes

back taxes — Sat, 22 Dec 2012 08:51:50 +0000

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By: Sammy Finkelman

Sammy Finkelman — Thu, 13 Dec 2012 22:46:54 +0000

The national Reviw seems to have – I’m not sure – come out for extension of the payroll tax cut.

They may think it is trap.

http://www.nationalreview.com/blogs/print/335038

Don’t Get Rolled

By The Editors

December 7, 2012 4:00 A.M.

What if we were to tell you there is a tax on wages that hits working families hardest, that the purported purpose of this tax — to pay for old-age entitlements — is a fraud, and that John Boehner wants to raise it as part of a fiscal-cliff deal?

Unfortunately, that is exactly where we are. President Obama and many congressional Democrats are on record supporting a one-year extension of the two-year-old payroll-tax cut, which reduced the employee piece of Social Security withholdings from 6.2 to 4.2 percent of taxable income. But buried in House Republicans’ counteroffer is the fact that it would let that cut expire at year’s end….

By: d_fitz

d_fitz — Thu, 13 Dec 2012 08:20:26 +0000

16K Hostess bakeries workers would probably tell us that Biden’s milk and bread stimulus program didn’t work so well.

By: gary gulrud

gary gulrud — Wed, 12 Dec 2012 20:48:06 +0000

Market turning down as Bennie’s new end to QE digested. U3 6.5% milestone ends free money. With the BLS that could be 6 mo. as people exit the labor market for funemployment and disability.

By: gary gulrud

gary gulrud — Wed, 12 Dec 2012 20:43:08 +0000

Another not so stellar US Treasury auction, Indirect buyers, those not selling to the Fed next week, were washing their hair.

Mortgage rates down, 10-year T-Bills up. Watch that space.

By: Kevin M

Kevin M — Wed, 12 Dec 2012 20:37:01 +0000

More economic literacy, please.

Scream that into your pillow, too.

Remember we have a president who admits he cannot do 8th grade math. Hard to be economically literate when you’re innumerate.