The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Skeeter Bug who wrote (264812)	7/28/2010 11:22:48 PM
From: tejek	Read Replies (1) of 306849

>I've got news for you......we are under considerable societal stress already. Its really galling to the little man on the street that the rich and not so rich in this country have been living high on the hog while he struggles. And then to hear the wealthy complain about how extending unemployment benefits is nothing more than socialism, or how unfair it is to have their tax cuts rescinded while dishing that their grocery shopping car is almost as nice as their going out to dinner car and how St Barts is getting too crowded during the winter months.<< agreed. funny, the lowest tax bracket sees their taxes go up 50% under obama. why does obama support increasing the lowest tax bracket 50% to pay for the gambling losses of billionaires. Link please. >The little man on the street doesn't give a squat about the rich man's deficit worries. He's trying to get enough food to feed his family. Besides, worrying about the deficit when the economy has not fully recovered is like worrying about the appearance of your fireplace even though you have no wood to burn in it.<< this is probably true, but it is also an uninformed view. that deficit represents the collapse of society - and i guarantee you the average person will lust after whatever problems they face today when deficit TSHTF. but you are right - that's how most people view it. the plutocracy counts on it. if it wasn't so, it would be a lot more difficult put that financial noose around society's neck. See Nostradamus...2012. After that, no one will have to worry about the deficit. >And truth be told, most of the people complaining about the deficit these days never said a word when Bush was running up the deficit thanks in no small part to the tax cuts. I wonder why.<< this is true also. i was complaining about the coming bust in the late 1990s... it has been a long time coming. Interesting.......given that in the last 30 years, Clinton contributed the least to the deficit and got closest to reducing it.

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