Word: taxed
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Dates: during 2000-2009
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YOUR SPENDING: Save that rebate. President Bush has proposed a relief package worth about $145 billion to juice consumer spending. If you get a check, financial planners recommend first paying down any high-interest debt, like credit cards. After that, it's smartest to save the money--in a tax-deferred account like an IRA, if you can. That may not be what the government is going for, but if we do slip into a recession, you might need the cushion...
Rudy Giuliani has been running for President in a blur--literally. He needs his eyeglasses to see distance, but at most events he won't wear them. Instead, he rattles through his stump speech--tax cuts increase revenue, beware of Hillary Clinton, remember 9/11--while gazing into a fuzzy void. The spectacles come on only briefly, during question time, so he can make eye contact with his inquisitors...
...this universal wisdom that they are making noises about paying for the stimulus by cutting government spending. Unfortunately, even if such spending cuts took place, which is unlikely, they would defeat the purpose of the stimulus. Bush, for example, proposes to pump about $145 billion into the economy through tax cuts of various sorts. This is a classic Keynesian stimulus, and the whole purpose of that is to increase demand in the economy. Instead of a self-feeding spiral downward?I get laid off and can't pay my mortgage, so the bank fires...
...sign of how completely Republican thinking now dominates discussions of economic policy that so few of the stimulus ideas floating around Washington involve increasing federal spending. It used to be that stimulus debates were about a tax cut vs. a spending increase. An increase in federal spending can goose the economy just like cutting taxes. The government builds a bridge or a highway, people get jobs, take their families to Olive Garden, which hires more waiters, and so on. In fact, direct government spending is a more efficient stimulus than an equivalent tax cut because all of it gets spent...
...lengthy bill of complaint against McCain. In the past decade he has joined with Democrats on a series of crusades in Congress - with Russ Feingold on campaign-finance reform and Ted Kennedy on immigration reform - that a majority of Republicans have opposed. He voted against President Bush's tax cuts in 2001 and '03, each time citing the need for fiscal restraint. And during his 2000 campaign, he labeled Pat Robertson and the Rev. Jerry Falwell "agents of intolerance...