Posts Tagged ‘turning surpluses into deficits’

A Tax Proposal Worth Considering

A Tax Proposal Worth Considering

By The Banker | Blog Posts

The Center for American Progress (CAP) recently published a summary description of their proposals for addressing tax and spending policy, in the light of the ‘Fiscal Cliff,’ Simpson-Bowles, and the ongoing flustercluck of fiscal policy negotiations going on before January 1, 2013. Their summary report is as good as anything I’ve seen yet in terms [&hellip

Life After Debt Part IV: Another Bizarro World Villain

Life After Debt Part IV: Another Bizarro World Villain

By The Banker | Blog Posts, Wall Street

Continuing the theme of ironic historic statements in the light of present circumstances explored in Life After Debt Part I,[1] today’s bizarro world villain is Alan Greenspan. No other financial celebrity (with the possible exception of Warren Buffet) carried more weight a decade ago than then-Federal Reserve Chairman Greenspan.  So when he said in 2001… [&hellip