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Quick, Hide The Body! "...But the Bush administration chose to keep the findings out of the annual budget report for fiscal year 2004, published in February, as the White House campaigned for a tax-cut package that critics claim will expand future deficits. The study asserts that sharp tax increases, massive spending cuts or a painful mix of both are unavoidable if the US is to meet benefit promises to future generations. It estimates that closing the gap would require the equivalent of an immediate and permanent 66 per cent across-the-board income tax increase."
posted by owillis on May 28, 2003 - 18 comments

Emancipator or Oppressor? E.J. Dionne talks about how the global economy may not be as evil or as good as its respective supporters and detractors make it out to be. It seems like a pretty balanced look at a subject that gets horribly slanted coverage.
posted by owillis on Jan 2, 2002 - 2 comments

Is The Economy Broken? It was one thing when it was the tech/Internet sector - the bubble burst, but now the wave continues with the 2002 recovery seeming like wishful thinking. If it's not layoffs, companies are cutting their 401k plans. Argentina's crisis seems like it will have ripple effects as well. Then you have numbers saying people are confident, so are we getting tanked by jittery Wall Street-ers? Oh, there's also a war on.
posted by owillis on Dec 31, 2001 - 13 comments

F*ckedEconomy? Cuts in interest rates don't seem to be helping. Layoffs persist (and not just tech/dotcoms). The market bounces, but can it sustain itself? Some say the market will rebound in the 2nd quarter of next year, but these are the same people who saw an uptick coming this fall. Are we headed towards a recession, again? Lucent even had to sell their golf course.
posted by owillis on Jul 31, 2001 - 12 comments

NBCi relaunches as probably the most boring, blase portal site I've ever seen and their stock goes up? Is it just me, or does it look like they bought the site from "Al's Do It Yourself Portals"?
posted by owillis on Sep 25, 2000 - 7 comments