Daily Topics - Friday July 15th, 2011

The Big Picture "On Air" Questions or Comments for Thom?
Hour Two: When will the recession be over? Dr. Ravi Batra takes your calls
Hour Three: "Brunch With Bernie" Senator Bernie Sanders (I-VT) - Senator Sanders takes your calls
Comments

Did Ravi Batra just say he's not a fan of budget deficits? Because I remember him saying a while ago that reducing a budget deficit causes a recession (which made no sense to me).

FICA
Federal Insurance Contribution Act http://en.wikipedia.org/wiki/Federal_Insurance_Contributions_Act_tax
FICA = Federal Insurance Contributions Act tax. This deduction from paychecks is what funds SS and Medicare. Interestingly enough, looking at my pay statements, FICA has been replaced by Old-Age, Survivors, and Disability Insurance (OASDI). The title of the webpage on the SS website is "FICA & SECA Tax Rates"



is there a link to on line info about the caimpaign to target Bernie Sanders?