The hot debate in Congress at present is whether the Bush tax cuts for the wealthy will be extended past their planned expiration at the end of 2010. President Obama hopes to extend the cuts only for couples with incomes under $250,000 (and individuals under $200K). The U.S. economy is in a horrible state at the moment. Republicans are arguing that we need to keep the millionaires happy by extending their tax cuts. A recent Moody's analysis (see http://www.bloomberg.com/news/2010-09-13/rich-americans-save-money-from-tax-cuts-instead-of-spending-moody-s-says.html ) claims that the rich will not spend more to help the economy. Moody's analysts say the rich will save their money and that, in turn, will actually hurt the economy. However, from my layman's point of view, I can't see how increasing our deficit to spend more for these tax cuts will help the U.S. economy. I can remember lecture from a few economic classes I took in college that spoke of economic stimula
The once heralded JetBlue flight attendant, Steven Slater appears to be practicing good behavior these days. Let's face it, lots of people (myself included) gave a snicker when we heard the reports of how Mr. Slater walked off his job - or, should I say jumped . The Internet, among other things was buzzing the week of August 9, 2010 when the incident happened. While no passengers were at risk during the flight attendant's rant, there are loads of things that you absolutely cannot do while on an airplane - especially after 9/11. No-no's are exciting airplane passengers and pulling an emergency chute when no emergency existed. Of course, things could have gone horribly wrong but didn't. Recent news reports have indicated Steven Slater is no longer employed by JetBlue as of earlier this month. I've heard conflicting stories that Slater resigned and another story that he was relieved of his duties by the airline. The now ex-employee of JetBlue is facing criminal c