Read More: http://moneymorning.com/2011/07/26/brace-for-worst-as-debt-ceiling-crisis-deadline-nears/
US Economy: Countdown To Default?
One line of reasoning from the “no tax hikes” crowd in the debt ceiling debate is the inaccurate premise that the very wealthy, the top 0.1%, are job creators. If they’re the “job creators,” it might be in the public interest to protect them from excessive taxation - thereby allowing these top 0.1% to spend money on creating jobs--This is incorrect.
Read More: http://www.econmatters.com/2011/07/us-economy-count-down-to-default-guest.html