December 5th, 2012 at 12:13AM
Obama wants stimulus spending to offset drag on economy from Obama's proposed tax increases

thefreelioness:

“The total bill: about $255 billion out of the federal government’s pocket – an amount the GOP would likely say needs to be offset by spending cuts elsewhere.

The argument in favor of such stimulus? The tax measures, at least, could minimize the drag on the economy from Mr. Obama’s proposed tax increases on the wealthy.

“The increases in the top two income tax brackets would put a drag on consumption, so I think, from the Obama point of view, the spending or tax cuts are designed to offset that drag to consumption,” says Michael Brown, an economist at Wells Fargo Securities in Charlotte, N.C.”

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Brain…hurting…

Wallet…hurting…
  1. sugashane reblogged this from thefreelioness and added:
    Wallet…hurting…
  2. donthavealottosay reblogged this from thefreelioness
  3. anarcho-alowisney reblogged this from disobey
  4. byulibertarian reblogged this from disobey and added:
    I don’t understand the government.
  5. souliberty reblogged this from disobey and added:
    Obama is trying to fix problems that arose because of him. This is sad.
  6. crusadermaximus said: So rather than hitting the brakes on the fake recovery, he’s going to pull the E brake as well?
  7. gatsandpartyhats reblogged this from thefreelioness and added:
    Wow… talk about redundant. Clearly there’s something in his ignorant mind that is not working.
  8. disobey reblogged this from thefreelioness
  9. politicalcrazyness reblogged this from thefreelioness
  10. troopaloop reblogged this from thefreelioness
  11. thefreelioness posted this
18 notes Source: thefreelioness #stimulus#obama#Politics#Economics#Fiscal Cliff#Taxation
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