Thursday, October 30, 2003
Tax cheats get growing sympathy
This screams tax me less, but one knows that the government will never do that.
The number of Americans who believe it's OK to cheat "a little here and there" on their taxes has risen 50 percent in the past four years, a government survey says -- a trend that new IRS Commissioner Mark Everson promises to reverse by going after scofflaws at all income levels.
"That can't continue," Everson said in an interview. "If that trajectory is allowed to continue, you won't be able to fund the government, and you'll have serious erosion of the basic rule of law."
This screams tax me less, but one knows that the government will never do that.
The number of Americans who believe it's OK to cheat "a little here and there" on their taxes has risen 50 percent in the past four years, a government survey says -- a trend that new IRS Commissioner Mark Everson promises to reverse by going after scofflaws at all income levels.
"That can't continue," Everson said in an interview. "If that trajectory is allowed to continue, you won't be able to fund the government, and you'll have serious erosion of the basic rule of law."
Tax cheats get growing sympathy
This screams tax me less, but one knows that the government will never do that.
The number of Americans who believe it's OK to cheat "a little here and there" on their taxes has risen 50 percent in the past four years, a government survey says -- a trend that new IRS Commissioner Mark Everson promises to reverse by going after scofflaws at all income levels.
"That can't continue," Everson said in an interview. "If that trajectory is allowed to continue, you won't be able to fund the government, and you'll have serious erosion of the basic rule of law."
This screams tax me less, but one knows that the government will never do that.
The number of Americans who believe it's OK to cheat "a little here and there" on their taxes has risen 50 percent in the past four years, a government survey says -- a trend that new IRS Commissioner Mark Everson promises to reverse by going after scofflaws at all income levels.
"That can't continue," Everson said in an interview. "If that trajectory is allowed to continue, you won't be able to fund the government, and you'll have serious erosion of the basic rule of law."
Tuesday, October 14, 2003
Don't Look Down
Krugman opines on the event of an economic crisis hitting the US and when one could expect this event to transpire.
The crisis won't come immediately. For a few years, America will still be able to borrow freely, simply because lenders assume that things will somehow work out.
But at a certain point we'll have a Wile E. Coyote moment. For those not familiar with the Road Runner cartoons, Mr. Coyote had a habit of running off cliffs and taking several steps on thin air before noticing that there was nothing underneath his feet. Only then would he plunge.
What will that plunge look like? It will certainly involve a sharp fall in the dollar and a sharp rise in interest rates. In the worst-case scenario, the government's access to borrowing will be cut off, creating a cash crisis that throws the nation into chaos.
Krugman opines on the event of an economic crisis hitting the US and when one could expect this event to transpire.
The crisis won't come immediately. For a few years, America will still be able to borrow freely, simply because lenders assume that things will somehow work out.
But at a certain point we'll have a Wile E. Coyote moment. For those not familiar with the Road Runner cartoons, Mr. Coyote had a habit of running off cliffs and taking several steps on thin air before noticing that there was nothing underneath his feet. Only then would he plunge.
What will that plunge look like? It will certainly involve a sharp fall in the dollar and a sharp rise in interest rates. In the worst-case scenario, the government's access to borrowing will be cut off, creating a cash crisis that throws the nation into chaos.
Thursday, October 02, 2003
Why Wesley Clark is worse than Bush...
Granted the Bush man has been close to a total dissapointment while in office, selling out all the principles that made me a conservative back in the day. The flip side of that equation is that everyone running for the Demopubicans, I mean Democrates, looks to be even worse. Roll back the tax cuts---PLEASE, that was the one positive thing that Bush has done. The only plus is that you might elect someone that would create grid lock and not allow Congress to continue to destory.
Granted the Bush man has been close to a total dissapointment while in office, selling out all the principles that made me a conservative back in the day. The flip side of that equation is that everyone running for the Demopubicans, I mean Democrates, looks to be even worse. Roll back the tax cuts---PLEASE, that was the one positive thing that Bush has done. The only plus is that you might elect someone that would create grid lock and not allow Congress to continue to destory.
