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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 389.05+0.4%Dec 10 4:00 PM EST

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To: Sunny Jim who wrote (46472)2/16/2009 1:42:54 PM
From: KyrosL1 Recommendation  Read Replies (3) of 218353
 
There is no need for the tripling of top marginal tax rates, as happened in the Depression. Clinton's modest increase of the top tax rate from 30% to 40% turned huge deficits as far as the eye can see into a threatened elimination of public debt within a decade. So, relatively modest tax increases and modest benefit cuts will go a long way towards eliminating the threat of massive future obligations.
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