2012 Biotech Charity Contest Message Board

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Biotech / Medical : 2012 Biotech Charity Contest

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To: Biomaven who wrote (319)	6/27/2012 8:20:11 AM
From: Robohogs	1 Recommendation of 513

As usual, Peter, I agree with you but not quite 100%. On entitlements, agreed but I would prefer means testing too. On taxes, I would like current Bush rates but with NO deductions. Maybe a new $500K bracket - what is never discussed is that raising rates is a coastal tax. Getting rid of deductions makes it worse but that may make it easier to acknowledge state problems and hasten states making choices. I hate the state and local pension reform - the old guys alwas keep their stuff and new guys shafted but under law, it is hard to do much else. In ST, we badly need infra. I think it is pipelines, nat gas infra for transport, maybe LNG stuff but maybe not, and transport networks. It is NOT money to states for favored constituencies, Dem or Repub. And we cannot take low cost money As a basic assumption - BUT Japan and UK go down first probably. I have seen no one comment on ond idea of mine (seen it no where else) which is to issue $1 trillion of debt of say 30s and 50s, to pre-fund rollovers. Cancel TWIST. LT rates not the issue now. Pass Simpson-Bowles. Jon

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