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2009-08-23 Economy

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Posted by Fred 2009-08-23 00:00|| || Front Page|| [6 views ] Top

#1 Remember ~~tax serf~~ you exist to serve the state.

Posted by Procopius2k 2009-08-23 08:19|| 2009-08-23 08:19|| Front Page Top

#2 Apparently cutting spending in times of "economic crisis"* is off the table?

*Preznit Obama's words

Posted by Frank G">Frank G 2009-08-23 09:08|| 2009-08-23 09:08|| Front Page Top

#3 Watch those property prices plunge further.

Property prices are imputed yield * availability of credit.

Imputed Yield is the basically the local wage minus cost of owning.

So wages are falling and so is credit availability.

The flip side of house price drops is that house affordability tends to rise. High house prices are only good for those who tax.

Posted by Bright Pebbles 2009-08-23 17:22|| 2009-08-23 17:22|| Front Page Top

#4 ION BHARAT RAKSHAK > BUFFET: WE COULD BE CRUSHED BY A MOUNTAIN OF DEBT; + REP. BACHUS: US SOCIAL SECURITY FACES DEFAULT IN TWO YEARS.

Posted by JosephMendiola">JosephMendiola 2009-08-23 20:19|| na]">[na] 2009-08-23 20:19|| Front Page Top

#5 tax rate will have to jump more than 21 percent over last year's to compensate for the lessened property values.

So the end point is that the dollar amount of taxes the residents pay will be the same, right? Possibly catastrophic for those who've lost jobs, but a wash for those still working, it seems to me. What do you suppose the level of financial -- or even arithmetic -- training this Concord Monitor reporter has received?

Posted by trailing wife">trailing wife 2009-08-23 22:32|| 2009-08-23 22:32|| Front Page Top

#6 "What do you suppose the level of financial -- or even arithmetic -- training this Concord Monitor reporter has received?"

Same as all the other "journalists," tw - none.

Posted by Barbara Skolaut">Barbara Skolaut 2009-08-23 22:41|| 2009-08-23 22:41|| Front Page Top

23:41 trailing wife
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