Wall Street Breakfast: Must-Know News [View article]
Ah, the budget thing. On the one hand, the deficit is about 3% of GDP - worse than recent years, but OK by historical and international standards. As for thet politics of it, forget McCain's tax cuts. That would take agreement by Nancy Pelosi and Harry Reid, both of whom would like higher capital gains taxes, an end to the Social Security tax limit, and elimination of the favorable rates for dividends and capital gains. Health care is the issue where fiscal prudence will run into politcs, and that's not a battle that prudence is likely to win if the liberal Dems control both houses and the presidency.
Wall Street Breakfast: Must-Know News [View article]
Wall Street Breakfast: Must-Know News [View article]