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Keyword: stimulus

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  • Federal Tax Rate Reductions & Deductibility of State & Local Taxes (VANITY)

    10/26/2017 8:26:53 PM PDT · by House Atreides · 69 replies
    VANITY | October 26, 2017 | House Atreides
    I’ve noticed that a number of FReepers are having conniptions over the possibility that legislation reducing federal income tax rates will also ELIMINATE ITEMIZED DEDUCTION OF STATE & LOCAL INCOME TAXES (SALT). I have a proposal for the new legislation. Have it give tax payers the CHOICE of 1) still deducting SALT but STILL ALSO using the current (i.e., unreduced) tax rate tables or 2) not deducting SALT but having their taxes computed using the new reduced rates. Having worked in systems development for a number of years, automating that feature could be relatively simple for Intuit (maker of Turbo...
  • Bewitched, becalmed, bewildered {Economics}

    07/07/2017 6:00:14 AM PDT · by Mechanicos · 10 replies
    PJ Media ^ | July 7, 2017 | Richard Fernandez
    In the first decade of the 21st century Western economic growth entered the doldrums. The question was why. Former Harvard president Larry Summers noticed that something changed after the 2008 financial meltdown. The economic spring which had always bounced back had lost its elasticity. He diagnosed it as secular stagnation. .... Most observers expected the unusually deep recession to be followed by an unusually rapid recovery .... Had the American economy performed as the Congressional Budget Office fore­cast in August 2009—after the stimulus had been passed and the recovery had started—U.S. GDP today would be about $1.3 trillion higher than...
  • The Keynesian Cult Has Failed: "Emergency" Stimulus Is Now Permanent

    05/25/2017 7:04:40 PM PDT · by Lorianne · 9 replies
    Of Two Minds ^ | 23 May 2017 | Charles Hugh Smith
    Can we finally admit that eight years of following the Keynesian coloring-book have not just failed, but failed spectacularly? ___ What do we call a status quo in which "emergency measures" have become permanent props? A failure. The "emergency" responses to the Global Financial Meltdown of 2008-09 are, eight years on, permanent fixtures. Everyone knows what would happen if the deficit spending, money-printing, zero interest rates, shadow banking, asset purchases by central banks and all the rest of the Keynesian Cult's program stopped: the status quo falls apart. Keynesianism Vs The Real World Let’s start by reviewing the core contexts...
  • Taxpayer-Funded Duck Penis Researcher Now Studying Whale Penises

    04/21/2017 6:00:50 AM PDT · by kevcol · 34 replies
    Washington Free Beacon ^ | April 21, 2107 | Elizabeth Harrington
    A leading researcher on a ridiculed taxpayer-funded study of duck penises is now using her expertise on orca whales and is going to the "March for Science" to protest budget cuts. Patricia Brennan, a visiting lecturer at Mount Holyoke College in Massachusetts, worked on the duck penis study that received $384,949 from the National Science Foundation, a grant that was funded through the 2009 stimulus package. The study looked at the differences in the corkscrew-shaped penises of ducks.
  • Trump: My infrastructure plan will be a trillion dollars, maybe more

    04/04/2017 4:49:07 PM PDT · by Kaslin · 24 replies
    Hot Air.com ^ | April 4, 2017 | JOHN SEXTON
    Speaking at “CEO town hall” event Tuesday, President Trump said his infrastructure revitalization plan would cost a trillion dollars or possibly a bit more. “We have to build roads. We have to build highways. We’re talking about a very major infrastructure bill of a trillion dollars, perhaps even more,” Trump said. The president made the comments in the context of talking about efforts to reduce the long delays in construction imposed by federal regulations. He said it could take 10-20 years to get a road permitted and his administration hoped to bring that down to a year.Trump was also critical...
  • Deepening EU Banking Crisis Meets Euro-TARP and Taxpayers

    03/18/2017 9:49:38 PM PDT · by Lorianne · 5 replies
    Wolf Street ^ | 17 March 2017 | Don Quijones
    Events are moving so fast in Europe these days, it’s almost impossible to keep up. While much of the attention is being hogged by political developments, including the election in the Netherlands, Reuters published a report warning that the European banking sector may face even higher bad loan risks if the ECB begins to scale back its monetary stimulus programs, something it has already begun, albeit extremely tentatively. The total stock of non-performing loans (NPL) in the EU is estimated at over €1 trillion, or 5.4% of total loans, a ratio three times higher than in other major regions of...
  • Should the United States Abandon the Federal Reserve System?

    03/09/2017 8:07:43 PM PST · by Tolerance Sucks Rocks · 54 replies
    Economics Wire ^ | March 9, 2017 | Viliyana Filipova / Mr. Conrad
    The Federal Reserve gives us the freedom to buy things now that we would otherwise have to wait for.In looking at the Federal Reserve, it is important to note that this is a money system, not just a group of people sitting in a conference room controlling everything having to do with the US dollar. The Fed is a system just like the government of the US is a system. What that means is that no one controls it, and that it is much bigger than any one person or group of people could ever control. They can guide it,...
  • Flashback: Obama’s Summit Just a PR Show

    01/28/2017 9:02:20 AM PST · by Son House · 12 replies
    Rushlimbaugh.com ^ | Dec 3, 2009 | Rush Limbaugh
    Here's something really laughable. At the top of the hour I'm sitting here and I'm looking at the television. I was in Snerdley's office looking at television and I was watching MSNBC, and they're talking to the governor who was the architect of the highest unemployment rate in the country: Jennifer Granholm in Michigan. The Michigan unemployment rate is 15.1% (probably a little higher than that, even, if you count the U6, people that have given up looking). Now, what is the architect of the largest, highest unemployment state in the country doing at that jobs summit? What in the...
  • Germany calls on ECB to unwind economic stimulus

    01/15/2017 9:39:20 AM PST · by Olog-hai · 2 replies
    TheLocal.de ^ | 14 January 2017 08:16 CET+01:00 | AFP
    The European Central Bank should begin winding down its expansive monetary policy in 2017 as inflation returns in the eurozone, German Finance Minister Wolfgang Schäuble said in an interview on Friday. “It would probably be right if the ECB starts daring to head for the exit this year,” Schäuble told the Sueddeutsche Zeitung newspaper — although he acknowledged it would be a “difficult task”. The ECB has fixed interest rates at record lows in the 19-nation single currency area, as well as offering cheap loans to banks and buying up tens of billions of euros per month of government and...
  • Schumer: Trump's trillion dollar infrastructure plan sounds good to me

    12/21/2016 11:53:25 AM PST · by Kevin C · 21 replies
    Politico ^ | 12/21/2016 | NOLAN D. MCCASKILL
    Donald Trump's $1 trillion infrastructure plan sounds good to Chuck Schumer, the incoming Senate minority leader said Tuesday. The president-elect has called for a $1 trillion investment into upgrading the nation’s roads, bridges, tunnels and airports. “We think it should be large,” Schumer told ABC News’ Jon Karl and Rick Klein during their “Powerhouse Politics” podcast. “He’s mentioned a trillion dollars. I told him that sounded good to me.” Schumer has highlighted infrastructure as one issue that Democrats can work with Trump on, casting some of the billionaire’s positions as “surprisingly” progressive and populist. And the New York Democrat has...
  • Most Americans Don’t Know About President Obama’s UniParty Slush Fund…

    11/12/2016 4:15:15 PM PST · by HarleyLady27 · 35 replies
    The Conservative Tree House ^ | Nov 12, 2016 | Sundance
    New Word: “Trumpenstroke“. – The act of eliminating dictatorial fiat with the counter stroke of a President Trump pen. It is actually easier to write about the simplicity of eliminating almost all of President Obama’s accomplishments specifically because of the way Team Obama went about constructing them, dictatorial fiat.
  • Hillary's trickle-UP economics and strange enablers [aw!m vanity]

    10/12/2016 1:40:27 PM PDT · by Arthur Wildfire! March · 9 replies
    Arthur W! March
    A FRiend recently pointed out that the opposite of 'trickle down' economics is 'trickle up'. How true! In any banana republic [such as the 'U' SA] the tyrant tops the economic food chain -- that's where the economy trickles up. And sometimes the minions are even more dangerous, such as Obama's 'subordinate', Hillary. View what she achieved already and then imagine her in the Oval Office [with her husband's experience to guide her] ... 1. Watered down AIDS medication [*a*] which should come as no surprise after their ... 2. Tainted prison blood scandal. [*b*] Anyone greedy enough to infect...
  • European Central Bank: Governments must do more for economy

    09/08/2016 10:33:42 AM PDT · by Olog-hai · 6 replies
    Associated Press ^ | Sep 8, 2016 11:11 AM EDT | David McHugh
    The European Central Bank left its stimulus measures on hold Thursday and warned governments in the 19 country euro currency union that they need to do more to help the economy grow and push up inflation to healthier levels. The bank kept its key interest rates unchanged and decided against extending the duration of its existing bond-buying stimulus program. Bank President Mario Draghi seemed relatively confident about the economy and less inclined to hint at more stimulus than some analysts had expected. Instead, he used his news conference to urge governments to do their part. He said that implementation of...
  • Eurozone economy 'losing momentum' as Germany falters

    09/05/2016 6:03:31 AM PDT · by Olog-hai · 11 replies
    Associated Press ^ | Sep 5, 2016 5:29 AM EDT | Pan Pylas
    The 19-country eurozone lost some economic momentum in August, largely because of a slowdown in Germany, a closely watched survey showed Monday, days ahead of another possible stimulus package from the European Central Bank. Financial information company IHS Markit said its purchasing managers’ index — a broad gauge of economic activity — for the eurozone fell to a 19-month low of 52.9 points in August from 53.2 the previous month. The fall was unexpected as the initial estimate for August was 53.3. In spite of the fall, the eurozone is still growing, albeit sluggishly as anything above 50 indicates expansion....
  • Dear Arizona Voters, Please Remind Yourself of this 2011 Video Before Voting Today…

    08/30/2016 2:57:30 AM PDT · by cotton1706 · 29 replies
    theconservativetreehouse.com ^ | 8/30/16 | Sundance
    The last federal budget was signed into law September of 2007 for fiscal year 2008. Almost a decade has passed without a federal budget. The 2009 ARRA (American Recovery and Reinvestment Act), otherwise known as “The $1,000,000,000,000 ’09 Stimulus Bill”, has been spent every year for the past 7 fiscal years. That’s correct. Due to no budget, and base-line budgeting continuous resolutions, aka “omnibus bills”, we’ve spent the 2009 “Stimulus Bill” seven more times. Each year, for seven consecutive years. Ask yourself: Where did it go?
  • How Republicans in Congress Would Respond to Big-Spending Infrastructure Push

    08/29/2016 8:55:10 PM PDT · by Tolerance Sucks Rocks · 17 replies
    The Daily Signal ^ | August 26, 2016 | Josh Siegel
    Fresh after Congress and the White House scored the largest transportation spending package in a decade, both presidential candidates this year are proposing billions in funding to rebuild the nation’s infrastructure. While both Hillary Clinton and Donald Trump—and the parties they represent—agree the nation’s roads, bridges, airports, rail system, and ports are in need of repair, the new proposals invite familiar questions over how the spending would be paid for, and whether the federal government is the best provider to pay for it. Those questions, and the lack of a must-pass infrastructure initiative requiring Congress’ attention in 2017, mean that...
  • Eurozone likely to get more stimulus as growth halves

    07/30/2016 6:08:20 PM PDT · by Olog-hai · 15 replies
    Associated Press ^ | Jul. 29, 2016 10:43 AM EDT | Pan Pylas
    It seems that the strong start to the year was another false dawn for the eurozone economy and that the European Central Bank will have more to do in the months ahead to shore up growth. New figures released Friday confirmed that the eurozone, which is made up of 19 countries from Ireland to the west to Cyprus in the east, suffered a sizable slowdown in the second quarter of the year despite a number of stimulus measures that the European Central Bank has thrown at it. In its first estimate for the April to June period, Eurostat, the EU’s...
  • Bernie's Truth Deficit: So much for Sanders' "Honesty"

    07/17/2016 7:12:10 PM PDT · by Daniel Clark · 13 replies
    The Shinbone: The Frontier of the Free Press ^ | July 17, 2017 | Daniel Clark
    Bernie's Truth Deficit: So much for Sanders' "Honesty" by Daniel Clark All those conservatives who credit Bernie Sanders with being honest must have been more than a little perplexed by his speech in which he announced his endorsement of Hillary Clinton. The socialist senator hopped aboard the bandwagon of the quintessential "Wall Street candidate," and if that wasn't enough of a sellout of his alleged principles, he even pretended to care about runaway deficits. During the same speech in which he charged that Donald Trump "would increase our national debt by trillions of dollars," he absolved the sitting president for...
  • What About that Stimulus Money?

    06/09/2016 6:53:34 PM PDT · by originalbuckeye · 41 replies
    6/9/16 | Originalbuckeye
    When is SOMEONE in the National News Media going to ask Hillary! or Obama about infrastructure spending in the 2009 stimulus?? Every time I hear a Dem talk about 'investing in the infrastructure' I want to puke. I believe Hillary! used that phrase with Bret yesterday. I was screaming at the TV, 'ask her why didn't the infrastructure get fixed with the Stimulus money'??
  • Where's The Stimulus Funding For Infrastructure?

    06/07/2016 12:19:07 PM PDT · by Kaslin · 6 replies
    Townhall.com ^ | June 7, 2016 | Susan Stamper Brown
    While traveling across the country with your kids this summer, be sure to buckle-up and do your best to overlook all the potholes and crumbling bridges out there. Even if funding was available, things will probably remain in disrepair until your kids are grown, thanks to big government regulations and red tape. Former Obama administration's U.S. Secretary of Transportation Ray Lahood told CNN's Rene Marsh during a recent four-part investigative report that America is "like a Third World country" when it comes to infrastructure and said, "The reason we have 57,000 deficient bridges is because we have not made the...