Comments on: Counter Cyclical Payroll Taxes

By: odograph

odograph — Sat, 07 Feb 2009 01:57:23 +0000

I've thought this is the way it should work, but isn't the problem that it's too late to be rationally counter-cyclical?

We have spent the last five years spending at deficit (stimulus) levels. We were doing that during what was called a recovery.

If we double-down now, isn't that as crazed as spending stimulus? Both move us further and further from a balanced budget.

Franklin — Sat, 07 Feb 2009 01:43:50 +0000

I understand this payroll tax holiday has been talked about a little bit, but I don't think it's made it into the bill. What's the objection?

Drew — Fri, 06 Feb 2009 22:33:34 +0000

If we are going to do a drunken midnight raid on the Treasury, like we sometimes do on my wine cellar, we might as well do it this way.

As for going back to current rates? Make it a 2 year sundown requiring 80% approval to retain.