Sending the economy over the fiscal cliff could cost Massachusetts more jobs than have been created in the past year, economists predict.
The state is one of the most vulnerable to the deep budget cuts scheduled to go into effect next week because it receives a disproportionate share of federal defense, research, and development money sent to its many universities, hospitals, and technology firms, economists said.
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now all of a sudden the Bush tax cuts are a good thing..............
So why is the Globe complaining about this? The Globe, like the Obama Administration, loves higher taxes. And it HATES the US military.
And yet you support the Globe with your subscription.
I hate to see this happen because our economy has suffered for such a long time. HOWEVER, I cannot think of an electorate more deserving of job losses and tax increases than the limousine liberals from Mass. The voters in this state deserve what they get for continually voting in these tax and spend democrats.
Who knows? Maybe Princess Liawatha will surprise us and come up with an original solution to this problem! Keep dreaming.
I kind of agree, but in a broader sense. People in MA are kind of spoiled by years of prosperity, liberal and not so liberal alike. Some austerity does a people well, and MA is no different. I spend a fair amount of time in extreme northern Maine....Aroostook County, where the lavish good times of the 1990s and 2000s never really made an appearance (especially after Loring AFB was closed) and it's often fun to compare people up there to here in MA. I swear prosperity lends an arrogance to people here that I can't quite define, but among other things it tends to make us a bossy people. We tend to think we can tell others what to do, especially people in other parts of the country, since we are so financially well-off we tend to think that, since we are "successful", we know better than others in so many things, from the environment, to education, to bombing people overseas for oil. It manifests itself in other ways too such as our driving. We are ruder, drive faster, and are just plain more obnoxious. Yes, one would think that all the red necks out in their pickup trucks in northern New England would be more so, but such behavior seems to show up more in the quick-driving sports sedans driven by young "professionals" darting in and out of lanes all over I-93 and Rt. 128 in Boston's suburbs particularly. I've even seen studies that show, everything else being equal such as roads and types of vehicles, traffic speeds and traffic violations go up with economic recoveries and down with recessions, and MA hasn't really suffered a good recession in years - thanks to our heavy reliance on government, higher education, finance, and insurance economics. But all things eventually change, of course.
Yes, these are only generalizations, and only hold in, obviously, a loose, general sense, but, lower income or not, I don't miss the push, push, PUSH arrogance of people in the fast economies of places like Boston, New York, San Francisco, etc., when I escape to Aroostook.
Stephen-B, I have lived in Massachusetts long enough now to also have noticed the "self-satisfaction" of the "successful class" in this state. However, if one assumes a severe recession is the necessary corrective, I submit that would be a Pyrrhic victory at best for good manners. (I have also met a number of genuinely gracious individuals here too. They don't merit punishment for their ill-behaved brethren.)
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history will not be kin d to Obama.
According to new IRS data, the 1.35 million taxpayers that represent the highest-earning one percent of the Americans who filed federal income tax returns in 2010 earned 18.9% of the total gross income and paid 37.4% of all federal income taxes paid in that year. In contrast, the 128.3 million taxpayers in the bottom 95% of all U.S. taxpayers in 2010 earned 66.2% of gross income and that group paid 40.9% of all taxes paid. In other words, the top 1 percent (1.35 million) of American taxpayers paid almost as much federal income tax in 2010 ($354.8 billion) as the entire bottom 95% of American tax filers ($388.4 billion).