A word to the states and the people: ignore what the federal government is doing in terms of how to manage a budget. Among the dire predictions about the solvency of state and local employee pension funds (see our NCPA study on this topic), Treasury Secretary Timothy Geithner recently announced that unless the debt ceiling was [...]
According to President Obama, the Bush tax cuts, in particular the ones that went to the the wealthiest 2 percent of taxpayers, are to blame for the budget mess that we’re in. This statement comes as no surprise; in 2009, President Obama threatened to raise taxes on the wealthiest 2 percent by allowing their lower tax [...]
I don’t think anybody needed to get out the crystal ball to see this one coming: According to the Wall Street Journal, now that the new credit card laws are in effect that all but prevent financial institutions from pricing credit card usage based on risk, banks are looking to recoup revenue losses by spreading costs [...]