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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: ChanceIs who wrote (147987)3/23/2011 6:50:19 AM
From: Bearcatbob8 Recommendations  Read Replies (4) of 206200
 
Chancels, I no longer believe this deficit problem can be solved by economic growth alone. While economic growth makes a difference - the Simpson Bowles Commission was clear that far more is needed. The wingers on one side say growth will solve the problem. The wingers on the other side say taxes will solve the problem.

There is a need to radically change the fiscal policy in Washington. With my friends I have called for a "grand compromise". I see now that Washington is using the phrase "grand bargain". I was close.

Whatever it is called it will take pain from all to make all feel a sense of fairness. Some of this pain may be bad economic policy - but it will be necessary to get the nation to go along with it.

bloomberg.com

Bob
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