Tag Archives: fiscal cliff

What is Going on with the Fed? No, Not Anything Like What it Seems | Ricochet.com | 12.15.12

6.5% unemployment or bust; until then, the money spigot is open wide. This was the gist of the Fed’s world-headline-grabbing announcement this week. Less noticed was that, as the FT reported on the same day, “The US Federal Reserve is carrying out its first ever system-wide stress test of bank liquidity…”  Translation: The Fed will be pushing […]
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A Quiz and Two Rules for the Budget Talks | Hughhewitt.com | 12.11.12

OK, class, here’s a quiz. If the government were to raise the top personal income tax rate by, say, 25 percent, what would be the increase in its take of the total gross domestic product? Twenty-five percent? Are you sure?  After all how much of the government’s total personal income tax take actually comes from […]
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Why The President Will Go Over The Fiscal Cliff Rather Than Compromise On Tax Rates | HughHewitt.com | 12.4.12

Why is President Obama so unmovable on about tax rates increases on high earners? Oh, I know what he says.  Fairness.  The rich – whoever they are – must pay their fair share (I’m not going to get into whether they already do or maybe even pay more than their fair share). But that’s no […]
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Looking Over the Fiscal Cliff: What Kind of Deal is a Real Deal? | HughHewitt.com | 11.26.12

The day after the election I found myself in a waiting room for television guests with Howard Dean, the former Democrat presidential candidate.  Passing the time, Dean talked and I listened.  The topic was the fiscal cliff.  Dean was for going over it and forcing the big increases in marginal tax rates that will go […]
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