Who will pay Government debt?

The Free Liberal
by Fred E. Foldvary

09/23/09

The ‘incidence’ of taxation refers to who pays the ultimate burden of a tax. The optimal theoretical resolution is government budget surpluses that reduce the debt. But that is the least probable scenario. Total government spending in the USA has reached an astonishing sixty percent of national income. Most of the American economy’s output is now allocated by government rather than the desires of individuals. Government spending is trending ever upward, with the prospect of a much greater government provision of medical services, and the introduction of pollution levies in the form of cap-and-trade, not offset by any tax reductions. The second resolution would be higher taxes, and indeed tax escalation there will be...

//www.freeliberal.com/archives/003912.html

 

Secret White House power grab in full swing

Fox News Forum
by Phil Kerpen

09/23/09

It’s one thing for President Obama to surround himself with the advisers he’d like to have, but it’s another to bestow on them sweeping powers to broker secret negotiations and push forward vast new regulations that could cost American families thousands of dollars. Cap-and-trade energy tax legislation appears stalled, at least for now, in the U.S. Senate. But that doesn’t mean the cap-and-trade energy tax isn’t imminent. � Driving the push for this massive power grab and circumvention of the elected branches is a key White House official who avoided Senate confirmation by being installed not as EPA director, but instead as White House Climate Czar: Carol Browner...

//tinyurl.com/mlfepu


Informant: Thomas L. Knapp

 

//freepage.twoday.net/search?q=Obama
//freepage.twoday.net/search?q=power+grab
//freepage.twoday.net/search?q=taxpayer
//freepage.twoday.net/search?q=Fred+E.+Foldvary
//freepage.twoday.net/search?q=Phil+Kerpen

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