Economic Links: 9-29

Here's the explanation from S&P as to why they downgraded America's credit rating

here's a chart of job losses during this downturn compared to all downturns since the Great Depression

This piece compares Congress' reaction to the Great Depression in 1934 and the Great Recession today

According to the WSJ, wealthier households pay more than their fair share of taxes

According to The Economist, during past budget crunches we've been more willing to raise taxes

Also according The Economist's calculations, the US has lower effective tax rates on a $100K income than most other developed countries

Here's the original op-ed by Warren Buffet, and Obama's budget suggesting we should adopt "the Buffet Rule"

Here's an update on the Deficit Panel (or "supercongress") which is facing pressure to go beyond their original  debt cutting mandate

Here's what Americans are spending less on during this economic downturn

Here's a chart of our debt to GDP ratio throughout our nation's history

And here's a chart of the same ratio for all the world's countries

Here's an interactive exploration of the deficit and would it would take to balance the budget

here's how most readers decided to close the deficit