Question/Comment: Simple question. President Obama and all members of Congress say the “stimulus bill must contain only monies targeted directly for job creation”. Given that the stimulus bill now has 60 percent allocated for tax reductions, please explain the direct … Continue reading
Editor’s Note: Paul recently answered “Five Good Questions” on the economy for the PBS Engage blog. You will also be able to find those answers here on the Business Desk all week. Question/Comment: There seems to be two dominant strategies … Continue reading
Federal Reserve Chairman Ben S. Bernanke told lawmakers Thursday it is “critically important” that an economic stimulus package take effect quickly to ward off a recession, recommending the government get cash into peoples’ hands as soon as possible. Continue reading
- It is often said that tax cuts help the economy because the taxpayer spends the money. I do not see how that works.
Question/Comment: It is often said that tax cuts help the economy because the taxpayer spends the money. I do not see how that works. After all, the government spends money, too. So what does it matter who spends the money? … Continue reading
President Bush sent Congress a proposed $2.9 trillion spending blueprint, which includes $245 billion for military efforts in Iraq and Afghanistan. White House budget Director Ron Portman and Senate Budget Committee Chairman Kent Conrad, D-N.D., debate the numbers. Continue reading
President Bush said larger than expected tax revenue has cut the federal deficit, validating his tax cuts. Former Labor Secretary Robert Reich and Wall Street Journal writer Stephen Moore debate what the new numbers mean for the health of the economy. Continue reading