National Economy

Keeping the Public In the Dark

December 20, 2012, by Shelley deClerk

Our elected politicians are currently sparring over tax rates and spending cuts to avoid something popularly called “the fiscal cliff,” as we head into 2013. If the two sides can’t reach a conclusion, all the so-called Bush tax cuts expire, as does the Administration’s payroll tax break. Further, the Congress will have to start cutting spending, or at least cut the growth of deficit spending moving forward. When combined, the US economy is presumably facing...

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December 6, 2012, by John Norris

Should Washington focus more on raising taxes or cutting spending to deal with the deficit? Washington will not be able to balance its budget by cutting spending alone. It will not be able to do so by simply raising taxes on the highest income earners in the country. Further, it won’t be able to get its books in order by a combination of the two. Unfortunately, that is what it seems heck bent on doing....

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Common Cents for October 12th 2012

November 1, 2012, by John Norris

Last night, I watched the Vice Presidential debate until I couldn’t take it any longer. If that was a debate, I don’t know what an argument is. While I understand Joe Biden’s desire to be assertive, and even aggressive, at one point during the proceedings, a scene from “This is Spinal Tap” came to mine: “This one goes to eleven.” Certainly, members of either party will applaud their candidate’s performance, and deride their opponent’s; however,...

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Common Cents for September 21st 2012

, by John Norris

When is this rally going to end? That is what a lot of investors want to know. After all, the recent spike in stock prices has been a little, shall we say, surprising. If the economy is so weak the Federal Reserve feels the need to dump another couple hundred billion onto the fire, why then are investors so keen to buy equities? In a simpler time, this might not make sense; however, this is...

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Common Cents for September 14th 2012

, by John Norris

Yesterday, the Federal Reserve another round of what it calls ‘quantitative easing.’ This is an academics way of saying: “buying bonds with money the Fed created as though out of thin air.” Obviously, the former sounds a little more sophisticated and mysterious than the latter. Shoot, if Larry the Cable Guy were to describe quantitative easing, he would say something along the lines of: “You see, it’s when these guys buy up all this stuff...

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