tag:blogger.com,1999:blog-6988729.post3040556330865875467..comments2024-03-27T11:42:47.601-04:00Comments on Another Monkey: The Chechen StrategyD.B. Echohttp://www.blogger.com/profile/01797128570217627410noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6988729.post-21525155164208025532011-08-04T16:48:18.848-04:002011-08-04T16:48:18.848-04:00Here is a link on the topic:
http://curiouscapita...Here is a link on the topic:<br /><br />http://curiouscapitalist.blogs.time.com/2011/08/04/why-wall-street-hates-the-debt-deal/?hpt=hp_c1 <br /><br />Also one typo in my previous post:<br /><br />"feverent belief that any tax INCREASE somehow is equal to the devil's work"<br /><br />Good luck everyone, we all need it.<br /><br />Super GAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6988729.post-68801316980622137302011-08-04T12:08:58.495-04:002011-08-04T12:08:58.495-04:00Essentially this is all the result of maniacal spe...Essentially this is all the result of maniacal spending by the Bush regime for imaginary causes.Some one has to take the burden.And someone else has to be blamed.dr.antonyhttps://www.blogger.com/profile/16191095888228061156noreply@blogger.comtag:blogger.com,1999:blog-6988729.post-30303301011709588552011-08-03T21:15:56.761-04:002011-08-03T21:15:56.761-04:00DB -
Even with these cuts (assuming the "su...DB - <br /><br />Even with these cuts (assuming the "super congress" actually agrees on something), unless we raise taxes, our long term revenue will be far less than our spending. We'll have to cut another 20% of spending OR increase taxes from 19% to 25% of GDP. We can't get that much more money by taxing the rich.<br /><br />The Bush spending, the Iraq war, Bush tax cuts, and Bush drug plan represent a huge chunk of the deficit. I was as apalled willingness of that crowd to plunge our country into deficits, so I was not surprised that the we would be taken to the brink by the same people. <br /><br />I sold all my SIMPLE holdings the week before the debate intensified on my cynicism about their willingness to default on the debt. Thankfully that just saved me 6% of my retirement, but it is a somewhat hollow victory.<br /><br />I wish I knew the way out from here, but government must shrink and we must raise revenue ... it is sadly simple. So, we are caught in the middle:<br /><br />Death by deficits because the mainstream is unwilling to come to terms with spending and death by feverent belief that any tax cut somehow is equal to the devil's work.<br /><br />I guess the thing that makes me maddest about the Bush era GOP deficits is that we didn't have to do it then - and now when deficit and borrowing is actually helping support our economy - the damage is already done.<br /><br />Regards, Super G<br /><br />PS Good luck with the job search. While my business survives, we will lose money over half of the months this year and may have to layoff some employees. We are maintaining staff because it so hard to build, but I can only do that for a few more months.Anonymousnoreply@blogger.com