Posted by: Blogzervative in Untagged on
Mar 21, 2010
The legislation adopted by the House of Representatives last night will be the end of prosperity in America.
Posted by: Blogzervative in Untagged on
Jul 31, 2009
A 2 percent surcharge would be applied to the tax owed by couples whose taxable income is between $100,000 and $250,000, and those whose income is more than $250,000 would pay a 3 percent surcharge. For individuals, the 2 percent bracket would run from $60,000 to $150,000, and individuals making more than $150,000 would pay 3 percent extra on their taxes.
A couple who owe $6,000 in state income tax, for example, would pay an extra $120. For many, that would translate into smaller tax refunds next spring, although those who haven't had enough tax withheld from their paychecks this year would have to write a bigger check to the Department of Revenue next April.
Posted by: Blogzervative in Untagged on
Jul 31, 2009
The Charlotte Observer is reporting the fundraising figures to date in the presumptive Republican and Democratic candidates for Mayor of Charlotte.
Lassiter has raised $310,000
Posted by: Blogzervative in Untagged on
Jul 23, 2009
Remember this great chart depicting the pathway to healthcare reform?
Posted by: Blogzervative in Untagged on
Jul 20, 2009
The White House is being forced to acknowledge the wide gap between its once-upbeat predictions about the economy and today's bleak landscape. The administration's annual midsummer budget update is sure to show higher deficits and unemployment and slower growth than projected in President Barack Obama's budget in February and update in May, and that could complicate his efforts to get his signature health care and global-warming proposals through Congress. The release of the update - usually scheduled for mid-July - has been put off until the middle of next month, giving rise to speculation the White House is delaying the bad news at least until Congress leaves town on its August 7 summer recess. The administration is pressing for votes before then on its $1 trillion health care initiative, which lawmakers are arguing over how to finance.
Click here for more of the story from the AP/myway.
Posted by: Blogzervative in Untagged on
Jul 17, 2009
The U.S. military's long, storied love affair with tobacco may be doomed. The Pentagon, which actively promoted smoking during the two world wars and still subsidizes tobacco at PXs and commissaries, is considering a ban.
That's one recommendation from a panel led by a former dean of the School of Medicine at UNC-Chapel Hill that was asked by the Department of Defense and the Department of Veterans Affairs how to reduce tobacco use in the military.
Posted by: Blogzervative in Untagged on
Jul 17, 2009
Former Treasury Secretary Henry Paulson faced a crossfire of criticism on Thursday, as lawmakers castigated him for both threatening to oust Bank of America Corp. chief executive Ken Lewis last December and for leaving him on the job.
Republicans pressed their case that Paulson forced Bank of America to complete its Merrill Lynch & Co. purchase despite the Charlotte bank's worries about mounting losses. Democrats blasted the former Bush administration official for leaving big-bank CEOs at the helm despite their role in spawning the financial crisis.
Posted by: Blogzervative in Untagged on
Jul 17, 2009
The fact that our current levels of federal government spending is unsustainble, I'm sure, comes as no surprise to the ConservativeNC community. However, it is nice to have the CBO come out and acknowledge the obvious (with graphs, too).
Under current law, the federal budget is on an unsustainable path, because federal debt will continue to grow much faster than the economy over the long run. Although great uncertainty surrounds long-term fiscal projections, rising costs for health care and the aging of the population will cause federal spending to increase rapidly under any plausible scenario for current law. Unless revenues increase just as rapidly, the rise in spending will produce growing budget deficits. Large budget deficits would reduce national saving, leading to more borrowing from abroad and less domestic investment, which in turn would depress economic growth in the United States. Over time, accumulating debt would cause substantial harm to the economy. The following chart shows our projection of federal debt relative to GDP under the two scenarios we modeled.
