Tuesday, December 7, 2010

Barstool Economics

This is a very simplified way of how our tax system works and how the tax cuts would effect this simplified system.

Big Sis in Walmart?

Watch this video.

Obama Finally Gives in on Taxes


The Communist-in-Chief finally, finally gives in on taxes. Was it really that hard to give the job-creators a break during a recession? This must have been very hard for such a radical like Obama who wants to tax the rich even more.

However, this deal comes at a price. The Republicans in turn must agree to fund unemployment benefits for a longer period of time. This isn't the worst thing in the world to agree to, but it is essentially giving our taxpayer money to people who aren't working. This is not creating jobs, it's only adding to the deficit.

Will Obama's "compromise" appeal to Congressional Democrats and will actual legislation arise from this compromise? Some liberal Senators have come out against this deal and some believe even if Obama is on board the democrats won't play "follow the leader."