Romney’s Taxes
In GOP news this week, contender for the GOP nomination to run against incumbent president Barack Obama Mitt Romney has been challenged by former rival Rick Perry, Governor of Texas, to release his tax return information to the public immediately. It’s a strategy in Perry’s smear campaign against Romney that could work, but not in his favor. Perry is pretty much history in this year’s elections and wasn’t even able to be placed on the Virginia ballot. But going back home to Texas just isn’t enough for this poor sport, so he now seems more interested in ruining Romney’s reputation than returning to do his job, which is to govern Texas. His thinking must be…
Wealth, Taxes, and Credit Ratings
America has recently been the subject of a devastating credit rating downgrade from Standard & Poor’s. For the first time in history, the credit agency downgraded the U.S.’s AAA credit rating while slamming the nation’s political process and criticizing lawmakers for not moving sooner to cut spending. The US has been unable to raise revenue enough to reduce record budget deficits, and S&P’s outlook remained a bit dismal following the downgrade. But just how well are other countries doing in what has blossomed into a full blown global economic crisis? Could America take a lesson from some of the other wealthy countries in the world? How can the US repair bad credit that has caused…
Greeks Fear Government is Selling Off the Nation
While much attention has been focused on Greece’s mounting debt and structuring potential emergency solutions, the Greeks have actually already reduced the deficit by 5% of their GDP. Though this means that Greece is still far from being anywhere near out of the woods, it is a significant number in any modern economy, let alone the bleeding mediterranean nation. But when you look at how that 5% was made up, it looks as though the Greeks have reverted back to Hellenistic Era medical techniques, leaving the patient to bleed out his disease without replenishing the blood. Or, as the President of the Hellenic Chamber of Commerce in Athens, Konstantinos Mihalos, put it, “You can not…
