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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: Brumar89 who wrote (8210)	5/12/2009 5:06:20 PM
From: Bearcatbob	1 Recommendation Read Replies (1) \| Respond to of 86354

This weekend on a local investment show the host was saying how we have survived deficits before and referenced WWII. I wanted to scream - when the war ended the spending ended. We have lost our collective minds. Not to worry - the bond market will stop this nonsense. The pain will not be nice. Team Obama is full speed ahead with the sharp turn ahead. The idiocy is stunning. Bob

To: Brumar89 who wrote (8210)	5/15/2009 7:58:25 AM
From: RetiredNow	2 Recommendations Read Replies (1) \| Respond to 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.