Archive for January 2011
Household Cash Flow
Every penny at the pumps drains $1.5 billion out of household cash flow. Gas prices at the pumps are $3.15/gallon, but back in September it was closer to $2.70/gallon. This is nothing more than a $60 billion annualized drag on U.S. households (absorbing half of the payroll tax relief). If gas prices ultimately go to…
Read MoreThe Biggest Myth
The biggest myth being promulgated today is that the economy must be doing better because state & local government revenues are on the rise. Dude! That’s not the economy! It’s called tax increases. In fact, 23 states have boosted taxes in the past year. Eight have even raised income taxes!
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