Thursday, April 2, 2009

Raising the Roof
Government taxing and spending is about to explode globally as countries confront the meltdown. Will declining tax misery now be replaced with a worn-out Keynesian fiscal policy of more government tax-and-spend and stagflation? President Barack Obama's Panglossian budget plans call for increasing tax revenue annually by over 40% of current levels by 2013 and eliminating President Bush's tax reforms in 2011.