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Posted by taxguru on March 6, 2013

From Argus Hamilton:

The Baltimore Ravens signed quarterback Joe Flacco to the richest player contract in NFL history Friday. He agreed to a six-year deal for one hundred and twenty million dollars. He admitted it is a hard number for him to fathom, even before the brain damage.

President Obama signed the sequestration cuts into law which cut the rate of future spending by two percent but didn’t cut any current spending at all. It’s an interesting approach to cutting the budget deficit. It’s like trying to lose weight by eating slightly more

The U.S. Navy announced Monday it’ll stop halting drug shipments headed for the U.S. due to the sequestration cuts. The day before, the IRS said it’ll lay off collection agents. They’re going to have to do better than this if they want Americans to agree to higher taxes.

White House press secretary Jay Carney denied Monday that donors can meet with President Obama for five hundred grand. He said any notion that there is a set price to meet with the president is just wrong. In other words, no reasonable offer will be refused


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