December 16, 2012
Is Boehner Capitulating on Tax Hike Boost? Blame Game Posturing
House speaker John Boehner made an incremental move in Obama’s direction in regards to tax hikes.
Hard hitting global and local news
Hard hitting global and local news
House speaker John Boehner made an incremental move in Obama’s direction in regards to tax hikes.
Courtesy of the Weekly Standard , please check out the following union thuggery: Pro-Union Activist Threatens the Michigan Governor: ‘We’ll Be at Your Daughter’s Soccer Game’ A speaker at a protest against Michigan’s right-to-work legislation said that Republican governor Rick Snyder will “get no rest” from pro-union activists if Snyder signs the bill into law.”Just know one thing, Rick Snyder: You sign that bill, you won’t get no rest,” said Rev. Charles Williams II at the Tuesday rally in Lansing, according to Michigan Capitol Confidential
Car sales are up in the UK, but down 10% on average in the EU. Overall sales, including the UK, are down for the 14th consecutive month
Those looking for a step in the right direction today can find it in the Financial Times Live Blog which announces “EU drops timetable for creating eurozone fiscal and banking union”. EU heads of state and government have started gathering in Brussels even though their summit isn’t scheduled to begin until 5pm.
According to Socialist newspapers and politicians “to pay a tax is an act of solidarity, a patriotic act.” Those leaving France because of its uncompetitive tax rate see things differently. Please consider Socialists Denounce Gérard Depardieu for Leaving France Gérard Depardieu, one of France’s best-known actors, has been accused by the country’s Socialist government of lacking patriotism after he moved to Belgium apparently in a bid to avoid the taxes for which France is also renowned. On Wednesday, Prime Minister Jean-Marc Ayrault weighed in, calling Mr.
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Today the Federal Reserve issued this Policy Statement Regarding Purchases of Treasury Securities and Agency Mortgage-Backed Securities . On December 12, 2012, the Federal Open Market Committee (FOMC) directed the Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York to purchase longer-term Treasury securities after the maturity extension program is completed at the end of December 2012, initially at a pace of about $45 billion per month. The FOMC also directed the Desk to continue purchasing additional agency mortgage-backed securities (MBS) at a pace of about $40 billion per month. These actions should maintain downward pressure on longer-term interest rates, support mortgage markets, and help to make broader financial conditions more accommodative. The FOMC also directed the Desk to maintain its existing policy of reinvesting principal payments from the Federal Reserve’s holdings of agency debt and agency MBS in agency MBS, and, in January, to resume rolling over maturing Treasury securities into new issues at auction.
The chart assumes a steady rise in labor force to the BLS 2020 projection of 164,360.
The Wall Street Journal has a nice interactive map that lets you Make Your Own Deficit-Reduction Plan . I balanced the budget easily without doing things that I think need to be done such as eliminating the department of energy, the department of education, slashing military spending by 35%, etc., etc.