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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: John McCarthy	11/12/2006 6:26:46 PM
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Sometime next year--perhaps around Christmas 2007, if current trends continue--the U.S. will hit a milestone. For the first time in recent memory, the cost of imported goods and services will exceed federal revenues. In other words, Americans will soon pay more to foreigners than they do to their national government. We're almost there now. Imports cost us about $2.2 trillion a year; the federal government collects $2.4 trillion in revenues. Why is that important? Because for the past 70 years, Washington has been the 800-pound gorilla, more powerful by far than any other force in the U.S. economy. That's not true anymore. The federal government remains plenty influential, but the global economy is more so. posted by Chipas .... Message 23001220 Can't think thru all the consequences of this but perhaps - its gonna make our peddling of US DEBT cost alot more via interest rates .... which will just add to the problem .... here is what Rubin proposed as a solution .... (but he does not have to run for office) Here is the solution, tax more<g>--Hike taxes to eliminate shortfall, says Rubin By Aaron Siegel November 10, 2006 investmentnews.com Former Treasury secretary Robert E. Rubin urged lawmakers to increase taxes in order to rid the U.S. economy of its $250 billion fiscal shortfall, according to published reports. "You cannot solve the nation's fiscal problems without increased revenues," said Mr. Rubin, while speaking at the Economic Club of Washington yesterday. siliconinvestor.com regards, John

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