Fuck You, Larry

[nebris]

Larry Summers: If Tax Deal Goes Down There's A 'Significant Risk' Of A Double Dip Recession
Senior White House officials significantly raised the stakes on congressional Democrats in their efforts to get a deal passed on the Bush tax cuts, warning on Wednesday that inaction would "significantly increase the risk" of a double dip recession

Comments

[cieldumort]

If the Bush tax cuts expire on those earning less than $250k/yr, which they are set to on Jan. 1st, there will be a very serious hit to the economy. You can set your watch to that.

[nebris]

And that $700 billion tax loss to the One Percenters is gonna bury us in the long term. But I suspect The Republic is screwed no matter how it gets sliced.

~M~

PS http://nebris.livejournal.com/5775722.html?thread=10170986#t10170986

[cieldumort]

Just remember, the unemployed would just spend as little of any additional safety net money as they possibly can. http://www.msnbc.msn.com/id/3096434/#40465323

[nebris]

Dan Quayle's son. =/

~M~