“Treasury Secretary Timothy F. Geithner on Thursday rejected calls from some Democrats to extend tax cuts for the nation’s top earners past their 2010 expiration date, saying the fragile recovery is no reason to avoid raising taxes on the wealthy.” (Washington Post, Friday)
Handwriting on the wall: Spending cuts will have little to do with deficit reduction.
FEE Timely Classic
“Undertaxed or Overspent?” by E.C. Pasour Jr.