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I see ... so we'll do Einstein's definition of insanity ... keep doing the things the same way and expect a different end result.
$700 Billion added $$ coming in from raising the tax rate on those making over 250 GRAND a year, going back to where the rate was under Reagan and Clinton, that is a fair amount of dough. ...more
My O my there's some ire here on this subject .... Food for thought ..... Corp taxes should be lower rate, but all loopholes plugged ..... a 3600 page tax code ???? Let the Bush cut on upper bracket die out ... absolutely ... 250 grand a year ... let's think on that one ...20 plus thousand per month .. the 3% differenc...more
One little correction as I hear this said from time to time ... the big runup in rates under Volvker's fed chairmanship was when Reagan was president, not Carter.
The back and forth of deflation and inflation is kind of nebulous. If money is worth less, then yes the actual value of the debt would reduce, yet at t...more
There are many different ways to look at this ... inflation in the Us is pretty much a non starter ... as too much money chasing too few goods and services ... the classical definition ... that's just not a problem here and hasn't been for years. We exported our inflation to China. Where we DO have an inflation problem...more
Well ... here comes 13,000. Why ? Better than 2% growth keeps the wheels turning. Inflation isn't a worry ... we exported it to China. If inflation really is too much money chasing too few goods and services ... that let's most here out. Inflation will happen from rising energy prices certainly ... and I don't see any ...more
Well Wise guy ... wise up here on this issue. We did damn near go into total meltdown .... those losses were real money, and the credit markets were one hair's breath away for shutting down. Can you fathom 20-30% unemployment ? because that's where we could have been without the Tarps ... and while no one in their righ...more
You gotta love it ... Boehner finally has to do something real ... yet nowhere is there ever admission that the big repub idea when the tarps were put together ...tax breaks for big business ... were the complete WRONG idea, and that money should have gone to creating public project jobs as Obama wanted. Connect the do...more
Well what do you know? We're here again. Rising fuel costs eat away what little disposable income the average family has. What little is there after paying rising health insurance ... but hey the HMOs are still racking up their 10% per year earnings growth with the same amount of enrolees ... go figure.
Anybody ready...more
Well good ... somebody said it ...take the income caps off social security. Why should those making a 100K a year, or more the median familly in the mid 50's, being paying SS contributions on 100% of their income and some one making 10 times that amount only paying on 10% ? The SS trust would be squared up pretty quick...more
1/28/2011
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