Social Security – January 2012 and Beyond

The January 2012 numbers for Social Security (SS) show a mixed picture. The results mirror what is going on in the economy. There is clear evidence that revenues at SS are recovering; there is equally clear evidence that America’s social expenditures are rising at a rate that exceeds the rate of recovery. The following numbers are adjusted for any More...

by Bruce Krasting | Published 5 years ago
By Bruce Krasting On Saturday, November 19th, 2011
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On Capital Flight and Forced Repatriation

There are some folks in America who will wake up this morning and read that Jefferies has been sued for its role in a bond deal with MF Global and they will vote with their feet (Zero hedgeLink). They will close More...

By Bruce Krasting On Sunday, November 13th, 2011
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Stryker, Taxes, The Super Committee and Growth

Obama’s Affordable Health Care Act of 2010 was paid for (in part) with an excise tax on implanted medical devices. The 2.3% excise tax goes into effect in 2013. It’s already causing some of those “unintended More...

By Russell Halley On Sunday, October 2nd, 2011
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Illinois Tax Hikes Chase Away More Golden Geese

As is typical in cities, states and nations controlled by progressives and Democrats, Illinois has spent itself into a deep ditch. As is also typical, rather than take the cure and cut that spending, this past January More...

By The Editors On Wednesday, September 28th, 2011
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The Double Taxation of Income

by Veronique de Rugy Dan Mitchell of the Cato Institute has a useful flow chart showing what a dollar of income is going through under the current tax system and different scenarios: That chart shows the bias More...

By Russell Halley On Wednesday, August 24th, 2011
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Taxes and Jobs, Cause and Effect. Illinois Employment Plunges after Tax Hikes

In these days of debt and deficit, Illinois is in the first rank of problem states.  Last January the state legislature was finally forced to confront the fruit of decades of irresponsible spending policies and More...

By The Editors On Tuesday, August 23rd, 2011
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New National Debt Data: It’s Growing at a rate of $3 Million a Minute

by Andrew Malcolm Swallow all liquids in your mouth before reading any further. Updated numbers for the national debt are just out: It’s now $14,639,000,000,000. When Barack Obama took the oath of office twice More...

By Andrew Ryan On Tuesday, August 16th, 2011
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I Just Made You Punch Your Computer Monitor

Most have heard the saying that no one takes care of a rental car like they take care of their own. Why not floor the gas pedal or track sand into the car  if you’ll never see it again after this week, the reasoning More...

By Bruce Krasting On Tuesday, August 2nd, 2011
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Biggest Middle Class Tax Increase in History Will Come in Five Months

by Bruce Krasting There is one aspect of the final debt deal from DC that took me by surprise. I was convinced the 2% reduction in payroll taxes would be extended through 2012. On July 12th I wrote about this and  More...

By The Editors On Friday, July 22nd, 2011
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Get Ready for a 70% Tax Rate

By Michael J. Boskin President Obama has been using the debt-ceiling debate and bipartisan calls for deficit reduction to demand higher taxes. With unemployment stuck at 9.2% and a vigorous economic “recovery” More...