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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Metacomet who wrote (73786)11/7/2006 10:06:29 AM
From: John Vosilla  Read Replies (1) of 110194
 
Why do so few including the Dems understand that the tax cuts on the federal level are a recipe for disaster when coupled with the reckless spending at the same time. You've got much higher taxes on the local level for Joe6pack and small business as a result and the time bomb of a declining dollar and higher interest rates and an even larger divide between rich and poor while Joe6pack and the federal government are already up to their eyeballs in debt.

The deficit spending along with record low interest rates, the spread of US consumerism and easy access to capital like never before fueled the global economy.. The first two are poison and can't continue without massive upheaval that only gets worse by the day..
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