Monday, November 23, 2009

How Unemployment Taxes and Obama’s Stimulus Are Killing Jobs » The Foundry

As reported by the Heritage Foundation...

"From the AP - 'Employers already are squeezed by tight credit, rising health care costs, wary consumers and a higher minimum wage. Now, the surging jobless rate is imposing another cost. It’s forcing higher state taxes on companies to pay for unemployment insurance claims.' " (read the rest at the next link)

How Unemployment Taxes and Obama’s Stimulus Are Killing Jobs » The Foundry

Payback Time - Wave of Debt Payments Facing U.S. Government - Series - NYTimes.com

Treasury officials now face a trifecta of headaches: a mountain of new debt, a balloon of short-term borrowings that come due in the months ahead, and interest rates that are sure to climb back to normal as soon as the Federal Reserve decides that the emergency has passed. (read more at the next link)

Payback Time - Wave of Debt Payments Facing U.S. Government - Series - NYTimes.com

And then there is Krugman who argues there is not a problem with deficits (read here for a very incoherent posting from Krugman).