Posts Tagged ‘economy’

The Duh Department

Tuesday, June 2nd, 2009

Read US income rise fails to ignite consumer spending in my outdated Blackberry last night.

Gee, no raises, just lowered taxes. When my income stays the same in an economy where I could lose my job or what little is left of my retirement savings in the blink of an eye, I’ll be using the “excess” to pay bills down and stash in my municipal money market.

And has it occurred to anyone that the government that is borrowing like crazy and canb enact a tax break mid year can also enact tax hikes right before the year ends, asking for it all back plus interest if the economy turns around or the lenders demand some repayment?