Saturday, July 23, 2011

Libertarian Links

So, for a family in high-cost California taxed at the top federal rate, the expiration of the Bush tax cuts in 2013, the 0.9% increase in payroll taxes to fund ObamaCare, and the president's proposal to eventually uncap Social Security payroll taxes would lift its combined marginal tax rate to a stunning 58.4%.

All of which is to say that these banks repaid cash owed to a program run by the Treasury Department by. . . .borrowing from another program run by the Treasury Department.

U.S. taxpayers likely lost $1.3 billion in the government bailout of Chrysler, the Treasury Department announced Thursday.

Michael Bailey, 20, from Glasgow, left the messages on the social networking site, in a group called "Neil Lennon should be banned" and on his own page. He was caught after a police task force began reviewing internet sites after March's so-called Old Firm shame game.

Mortgage industry employees are still signing documents they haven’t read and using fake signatures more than eight months after big banks and mortgage companies promised to stop the illegal practices that led to a nationwide halt of home foreclosures.

The government forces oil companies to use ethanol. And that mandate is growing. Next year, it will call for more ethanol than the industry produced this year.

Yale researchers bought Virginia residents gift subscriptions to either the Washington Times or the Washington Post. The ones who were randomly assigned to the more left-leaning Post voted for the Democratic gubernatorial candidate 3.8 percentage points more than those who were randomly assigned the more right-leaning Times.  [...]major U.S. newspapers are 20 to 40 percent more likely to report a negative headline if the administration is Republicans than if it is Democratic." [...]Research about the political leanings of the journalists themselves is another area to explore: "in a typical presidential election Washington correspondents vote about 93-7 for the Democrat."

The federal government fired 0.55% of its workers in the budget year that ended Sept. 30 — 11,668 employees in its 2.1 million workforce. Research shows that the private sector fires about 3% of workers annually for poor performance, 

Between 1841 and 1843 eight states and one territory defaulted on their obligations, and by the end of the decade four states and one territory had repudiated all or part of their debts. These debts are properly seen as sovereign debts both because the United States Constitution precludes suits against states to enforce the payment of debts, and because most of the state debts were held by residents of other states and other countries (primarily Britain).…

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