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federal deficit, tax cuts
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Greenspan Calls for Repeal of Bush Tax Cuts

Greenspan Calls for Repeal of Bush Tax Cuts

The former chairman of the Federal Reserve said keeping the cuts would drive up borrowing costs and could lead to another financial crisis.

Senh: Something like this is common sense, isn't it? If you don't have the money to spend, why are you giving it away to people who don't need it? The rich don't need to be richer.

 

Geithner: 'Responsible' to End Tax Cuts for Wealthy

Geithner: 'Responsible' to End Tax Cuts for Wealthy

Treasury Secretary Timothy Geithner on Sunday disputed claims that allowing a portion of the Bush tax cuts to expire will choke economic growth, saying the government needs to do the "responsible" thing and show the world it is capable of tackling the deficit.

 

American reaction mixed on Obama budget

Many Americans applauded the spending plans and tax breaks set out in President Barack Obama's record budget, while others questioned the yawning deficit it would entail.

 

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