Welcome new reader!

Financial news I consider important, with my opinion, which is worth as much as you paid for it.
Please click HERE to read a synopsis of my view of the financial situation.

Tuesday, July 27, 2010

Tim Geithner

I have no idea why the US Treasury Secretary is being asked about expiring tax cuts, and the economy. I'm not sure why his opinion matters at all.

But according to him, allowing tax cuts to expire on top 2% of Americans will not hurt the economy. I probably agree with that statement. But I am surprised to hear anyone who is an "economic expert" that can say with a straight face that increase taxing doesn't hurt economic spending.

No comments:

Post a Comment