Taxes could deep-six the domestic economy in 2011, according to ace economist Arthur Laffer; he explains that people are advancing tax liability to 2010 ISO lower rates than Obama taxation will impose in 2011, and that corporate profits will tank in 2011, leading to a double-dip recession. Arthur Brooks sees the US "slouching towards Athens" as our debt skyrockets; he notes that the average federal worker earns 77 percent more than the average private sector worker. The Financial Times sees a "bleak" US jobless picture. George Will likens the US tax code to daytime television.
There is, thankfully, one piece of good news: al-Qaeda's top financial genius was killed by a US drone strike recently. The Washington Post reports that the loss cripples al-Q's financial operations.
Bottom Line. America's economic arithmetic looks worse, as the administration barrels full speed ahead on a spending spree.
Letter from the Capitol, LFTC, 9/11, National Security, Foreign Policy, Economy, Conservative Politics