The Residential Real Estate Post-Crash Index-Moderated Message Board

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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated

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To: LLCF who wrote (78281)	11/9/2012 12:17:33 PM
From: Bonefish	3 Recommendations Read Replies (1) of 119360

The Bush, later extended by Mr. Obama tax cuts are set to expire automatically. Plus spending cuts. When that kicks in then there will be nothing left than to raise taxes on everyone and he'll be exposed but it's too late now, my friend. He was going to reduce the deficit 4 years ago remember. Not going to happen now either. Simply, any automatic tax hikes and spending cuts won't even touch it. Big government runs in his veins. It's his pedigree. His upbringing. Haven't even had a budget in 4 years. My guess is he will sit on his hands, take a vacation ( already in Asia now) or two and then blame the republicans for not offering a compromise plan.

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