DemocracyNow.org – President Obama and Republican House speaker John Boehner are allegedly close to a trillion deficit-reduction package as part of a deal to raise the federal debt ceiling before an Aug. 2 deadline. But the deal is coming under fire from both Congressional Democrats and Republicans — part of it calls for lowering personal and corporate income tax rates, while eliminating or reducing an array of popular tax breaks, such as the deduction for home mortgage interest. Some Democratic lawmakers expressed outrage on Thursday because the Obama-Boehner agreement appears to violate their pledge not to cut Social Security and Medicare benefits as well as Obama’s promise not to make deep cuts in programs for the poor without extracting some tax concessions from the rich. Democracy Now! interviews economist Michael Hudson, President of the Institute for the Study of Long-Term Economic Trends, a Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and author of “Super-Imperialism: The Economic Strategy of American Empire.” For the complete transcript, to download the audio/video podcast, and to see more Democracy Now! reports about the debt debate and global financial crisis, visit www.democracynow.org. FOLLOW DEMOCRACY NOW! ONLINE Facebook: www.facebook.com Twitter: @democracynow Subscribe on YouTube: www.youtube.com Daily Email News Digest: www.democracynow.org Please consider supporting independent media by making a donation …
Question by Java: How much of my take-home income should go to rent?
Best answer:
Answer by Huntsman
Everyone has different guidelines
Some say 35%, but this causes problems.
It may not allow you to save, and live pay-check to pay-check.
Some experts suggest 25% of your take home as a comfortable number
What do you think? Answer below!
