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Politics : Politics of Energy

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To: Brumar89 who wrote (8210)	5/15/2009 7:58:25 AM
From: RetiredNow	2 Recommendations Read Replies (1) of 86354

The spigots were opened to prevent another Great Depression, which has proven to have been exactly the right medicine as we are now moving towards a recovery. Having said that, it will have inflationary consequences. As far as deficits go, we can still get back to a balanced budget, but taxes will have to be raised. Healthcare, medicare, and social security are all coming to a head and if the Baby Boomers want to get their entitlements, then everyone is going to have to pay more taxes. The Bush era tax structure was always just a dream. It immediately threw us into deficits. The 1990s tax structure was always more realistic for anyone that believes in fiscal responsibility.

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