Fox Lake Towing and Recovery

Like all budgets, the federal government’s spending plan is all about revenues and expenditures. Unfortunately, Uncle Sam is very good at grossly overestimating tax receipts and grossly underestimating spending. It’s enough to make you wonder if any of it is real.

Continue reading Hocus + Pocus = The 2012 Federal Budget Plan

Hocus + Pocus = The 2012 Federal Budget Plan originally appeared on DailyFinance on Thu, 17 Feb 2011 12:00:00.

Filed Under: Columns, Economy, Taxes

The Republican opposition in Congress has put that number on the impact they say health care insurance reform will have on employment. The law’s proponents say that figure is way off target. The real effect will likely depend on how the law actually gets implemented.

Continue reading Will Obamacare Really Kill 1.6 Million Jobs?

Will Obamacare Really Kill 1.6 Million Jobs? originally appeared on DailyFinance on Thu, 13 Jan 2011 09:40:00.

Filed Under: Economy, Health Care, Small Business

The tax cut compromise between Obama and the GOP is now being touted as a back-door stimulus plan, one that some economists predict will create or save 3.1 million jobs. Unfortunately, the model on which those forecasts are based makes some flawed assumptions.

Continue reading Will the Obama-GOP Tax Deal Really Create 3.1 Million Jobs?

Will the Obama-GOP Tax Deal Really Create 3.1 Million Jobs? originally appeared on DailyFinance on Wed, 08 Dec 2010 12:09:00.

Filed Under: Columns, Economy, Taxes

The annual U.S. budget deficit is well over a trillion dollars, and in the long term, that’s unsustainable. But a closer look at the sources of most of that gap shows that balancing the budget wouldn’t be nearly as hard as it might at first appear.

Continue reading Could Congress Eliminate the Federal Budget Deficit?

Could Congress Eliminate the Federal Budget Deficit? originally appeared on DailyFinance on Tue, 07 Sep 2010 15:00:00.

Filed Under: Columns, Economy, Taxes