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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Common Cents for December 7th 2012

December 10, 2012, by John Norris

All the debate over the fiscal cliff has masked some real problems in our nation’s economy. We are so focused on short-term economic growth, you could argue we are failing to see the forest for the trees. Will either political party’s taxing & spending proposals really permanently drive the US economy back into the Middle Ages, or even worse, the 1970’s? Not hardly likely. Tax rates alone won’t do that, nor will spending cuts. However,...

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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 November 16th 2012

November 26, 2012, by John Norris

The election is finally over, and the market has fallen apart since. What in the world is that all about? Aren’t stocks supposed to rally after a Presidential election? If so, why is this time different than the past? Well, this go around, we have something everyone is calling the fiscal cliff looming at the end of the year. This is when all the various tax breaks and credits end, and automatic spending cuts kick...

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Common Cents for October 28th 2012

November 1, 2012, by John Norris

By now, you have probably heard something about the so-called ‘fiscal cliff,’ which we are due to fall off on January 1, 2013. Simply put, taxes are set to increase, and mandatory government spending cuts are due to take hold. Oh, the humanity! Not surprisingly, a lot of people are worried about the economic impact of this fiscal cliff, with some of the more hyperbolic among us forecasting rack & ruin. However, we need to...

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