UC happens to be the government’s middle name, and National Inflation Association takes a look at the unintended consequences of government stimulus citing ‘Cash For Clunkers’ as just one prime example of how a seemingly good idea turns into one big ripple of economic toxicity.
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How many more ways can we say that we are ever so screwed?
From CNBC and Reuters:
Moody’s May Cut US Rating on Tax Package
Moody’s warned Monday that it could move a step closer to cutting the U.S. Aaa rating if President Obama’s tax and unemployment benefit package becomes law.
The plan agreed to by [...]
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