This blog is dedicated to progressive and liberal thought. It also discusses new technology, how technology affects privacy and developments in Russia, China, Eastern Europe and the Middle East. Rightardia fully supports the rights of workers to organize, the feminist movement, and all Americans regardless or ethnicity, sex or gender.It uses humor, satire and parody to expose conservative thought for what it truly is: BS! Rightardia contributes to the DNC, DCCC, DSCC and MoveOn.Org.
Wednesday, May 23, 2012
Bloomberg: CBO warning
May 23 (Bloomberg) -- The nonpartisan Congressional Budget Office said May 22 the U.S. economy could be thrown back into recession in early 2013 if the slated across-the-board spending cuts and expiration of the Bush-era tax cuts take place as scheduled.
Michael McKee reports on Bloomberg Television's "Bottom Line."
Undoubtedly the Republicans will spin this information differently than the Democrats. Rightardia is skeptical that tax cuts that primarily affect the most affluent Americans like the estate tax will put a drag on the economy.
We do no form the recent European experience with austerity that it does not work.
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Labels:
austerity,
CBO,
cbo warning,
economic stimulus
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