The setting was the Allentown Metal Works, a plant that closed on Jan. 15 after struggling for years. Mr. Obama had toured the plant in December 2009 as part of a swing through Pennsylvania’s Rust Belt to promote the gradual positive effect of the $787 billion stimulus bill he had pushed through Congress. He said Read the full article…
First, the unemployment problem. It was due to ATM machines and airport kiosks. Now the deficit. If we could only tax those corporate jets we would be home free. So simple. It would raise $3 billion in taxes over the next decade. Remember the great luxury tax idea in the early 1990’s? It put all Read the full article…
First, the deficit numbers reflect current interest rates. These rates won’t stay forever. It’s calculated at 2.5% interest. If interest rates go to the average of 5.7%(past two decade average), the deficit would increase by $4.9 trillion over the next ten years. Next, the growth in GDP is forecast at 4% in 2012, 4.5% in Read the full article…
