Peter Orszag: Payroll tax should be linked to unemployment rate Madison.com
Today's fiscal policy debate straddles two divides: one between those who support jobs and those who favor austerity, and one between those who think additional revenue is needed and those who don't.
On the first divide, both sides are right, because the truth is that we need both jobs and austerity — and a combination would be more powerful than either piece by itself. We face a very weak labor market now and, over the medium- and long-term, an unsustainable fiscal path. It would make sense to combine an additional round of temporary job creation measures with a substantial amount of permanent deficit reduction that would be enacted now but take effect later.
The economy remains weak after the bursting of the credit bubble more than two years ago. In 2007, total private sector borrowing amounted to roughly 28 percent of gross domestic product. By 2009, it was 17 percent of GDP. History shows that economies take substantially longer to recover from this type of financial crisis than from other shocks. Yet we continue to be surprised that our expectations for growth are not realized.
It's Time Congress Get Serious About Debt Reduction & Job Creation and Stop GOP Assault ...
Leader Pelosi: But the fact is that what's happening this floor is not serious. It's not serious. But the subject it addresses is serious ...
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Loggers, haulers hit hard by slump - The Missoulian
The MissoulianLoggers, haulers hit hard by slump At one end of this chain of events is a nation full of bad mortgage debt, which led to a reduction in available bank credit, which led to fewer home sales,
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Jumpstart Spending With a National Housing Lottery - Seeking Alpha Jumpstart Spending With a National Housing Lottery On Monday, 5 Jan she released Is More Debt Forgiveness On The Horizon, reviewing year-end figures on the performance of modified loans: After 3 months, |
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TRANSCRIPT: Crain's Public Policy Roundtable Discussion - Crain's Detroit Business TRANSCRIPT: Crain's Public Policy Roundtable Discussion Our position is that savings would be tied directly to the reduction in cost to business through the MBT surcharge on a dollar-for-dollar basis. |
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Bank Of England Rates Videos - Sky News Bank Of England Rates Videos To "untrack" this story, click on the UNTRACK link on the article or the REMOVE link in your story tracker. You can add this story to your favourites or |
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