Two Points of View
An editorial from CNN Money the title of which pretty much explains it all.
Click anywhere below for the entire story.
A 30 second read, easy, small words.
Apologies for snide editorialization.
I'm starting to crack.
Raise taxes now -- the elders of the economy say so
Because, as we all know, all these guys really know what they're doing.
NEW YORK (CNNMoney.com) -- First it was Greenspan. Now one by one other elders of the economy are speaking out against deficits, and they're making the surprising argument for higher taxes.
Former Federal Reserve chairman Alan Greenspan was first and has taken the most extreme position, arguing that all of the Bush tax cuts of 2001 and 2003 should be allowed to expire.
From The Wall Street Journal 8/10/2010, a letter from Michael P. Fleischer, president of Bogan Communications Inc of Ramsey, New Jersey.
Click anywhere below to link up Mr. Fleischer's letter.
Not a very tough read, recommended.
When you add it all up, it costs $74,000 to put $44,000 in Sally's pocket and to give her $12,000 in benefits.
By MICHAEL P. FLEISCHER
With unemployment just under 10% and companies sitting on their cash, you would think that sooner or later job growth would take off. I think it's going to be later—much later. Here's why.
Meet Sally (not her real name; details changed to preserve privacy).
She's been with us for over 15 years. She's a high school graduate with some specialized training.
It's the arithmetic stupid.
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