President Obama announced earlier this evening that he’d come to a deal on extending much of the current tax structure for two years. The deal reportedly includes: The current tax rates for all income levels are extended for two years. The payroll tax is cut by 2 percent for 2011. Unemployment insurance benefits will continue […]
Via Reason magazine’s “hit & run” blog comes yet more evidence that California politicians must expect to be getting a bailout from the feds. California's high speed rail project could be shaping up as the awesomest catastrogeddon of 2011. The California High Speed Rail Authority is committed to breaking ground on a leg of the […]
A few quick things that may interest you from the past week: MSNBC’s Contessa Brewer likens Don’t Ask-Don’t Tell to Jim Crow laws. There’s certainly a case to be made for repeal (though I think the current system works well), but Brewer doesn’t make it. If she really thinks repeal will cause no problems, then […]
If you think little changes can solve this, your name is Paul Krugman. In other economic news: “Surprisingly,” the unemployment rate climbs to 9.8 percent and if the tax cuts aren’t extended before the lame duck session ends, expect the market to tank.
Really deep. President Obama? He’s a blue dog Democrat. Methinks that term doesn’t mean what he thinks it means.