Tag Archives: Bush tax cuts

Shell-shocked

August 8, 2012 Roy A. Ackerman, Ph.D., E.A. 19 Comments

Shell-shocked. That in a nutshell describes the American citizenry nowadays. OK, not the 1%-ers, but everyone else. They may be employed, but they know someone who’s been laid off. They are working more hours than before- and not being paid for them- because they fear they will be laid off, too. Their salaries have been stagnant. Home values- that’s an oxymoron. The middle class folks may be paying more for their health insurance and for higher deductibles, too, which means even less available income.

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Deficit Reduction…

February 13, 2012 Roy A. Ackerman, Ph.D., E.A. 4 Comments

The question of what to do about the economy is foremost in our minds. Greece must slash its deficit and increase its tax revenue. (Oh, I know, if it increases its tax revenue, the deficit will decrease- but in Greece’s case, that is not what is being discussed.) In America, the Republicans want spending decreased, the Democrats want taxes increased on the ‘rich’- those whose taxable income exceeds $250K or $ 1 million. The Democratic position is that we are still not growing enough jobs- and while private industry is hiring, our states are slashing jobs at an enormous rate. The Republicans feel that tax increases on the rich will stop them from hiring.

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