Obamanomics is in a Tail Spin Years ago when I was flight instructing. After the student had a few hours under his or her belt , we would put the aircraft into an intentional spin. After two or three turns and the spin got tighter we would show the student how to bring [...]
“We need to knuckle under and we need to live more prudently.” “When do we do that, Rick? When do we do that?” “November second. November second is the day.” At 1:29 He then proceeds to inform the panel on CNBC’s Squawk Box what we need to do to bring the economy out of its [...]
Beginning January 2011 when the Bush tax cuts expire; On or about Jan. 1, 2011, federal, state and local tax rates are scheduled to rise quite sharply. President George W. Bush’s tax cuts expire on that date, meaning that the highest federal personal income tax rate will go 39.6% from 35%, the highest federal dividend [...]