Main Street

Interesting Things Around the Internet

• Michigan’s Monroe on a Budget blog covers the Unemployment Lifeline.
• Teamsters President James P. Hoffa takes on the idea of taxing health care benefits, which:
  

  would destroy employer-sponsored health insurance.

  Adding a tax onto an already crushing expense for employers and employees would create a huge disincentive to buy employer-sponsored health insurance.

  It would mostly burden people who are older or sicker, women of childbearing age, employees of small businesses and residents of high-cost communities.

  It would set off a stampede to the public plan. And the public plan would lose a major source of revenue.

• At the Media Consortium: Radical Inequality Fueled the Wall Street Meltdown.
• Calculated Risk calls for caution when it comes to claims that house prices are stabilizing.
• Bernie Madoff was sentenced to 150 years in prison, and prosecutors have a number of his associates under investigation.