GOP presidential contender Herman Cain, who has made his reputation with his 9-9-9 tax plan, introduced the variant 9-0-9 plan for the poor, who would be exempt from the income portion of the plan. Experts said the poor, who pay little if any federal tax now, would still see a tax hike.
Chicago Mayor Rahm Emanuel recently proposed a $2 fee on weekday parking in downtown public lots and garages to help pay for other transportation improvements like new bus routes and bike lanes. Other cities have had some success with similar plans, but some Chicagoans are skeptical.
As European leaders meet to decide on a plan to help struggling member nations, they might be helped by some two-century-old advice from America's first Treasury secretary. Alexander Hamilton insisted that paying off Revolutionary War debts would lead to economic greatness.
European efforts to resolve its debt crisis stand in disarray. France and Germany are divided over how to finance bailout programs for Greece and other highly indebted countries. The question is who will back down first.
As the nation's student-loan debt climbs toward $1 trillion, many students face 20-year repayment plans. The average debt is $24,000, but some owe far more and say this burden influences life decisions, from buying a house to whether to have children.
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