Saturday, September 18, 2010


*click to enlarge

U.S. Bubble Economy Watch: *please follow link and read weekend Noland*

September 14 – Wall Street Journal (Sara Murray): “Efforts to tame America’s ballooning budget deficit could soon confront a daunting reality: Nearly half of all Americans live in a household in which someone receives government benefits, more than at any time in history. At the same time, the fraction of American households not paying federal income taxes has also grown—to an estimated 45% in 2010, from 39% five years ago, according to the Tax Policy Center… A little more than half don't earn enough to be taxed; the rest take so many credits and deductions they don't owe anything.”


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