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To: RetiredNow who wrote (259658)7/9/2010 3:23:59 PM
From: THRead Replies (1) | Respond to of 306849
 
m2,

Agree with your take.

Deficit, debt, and the real bear, compounding interest relative to GDP. It will become a black hole at some point and the repeal/expiration of all the tax cuts in the world won't get you out of that event horizon.

As for the 4%, we know that distraction is the game.

We're screwed.

GT
TH



To: RetiredNow who wrote (259658)7/9/2010 4:55:04 PM
From: Skeeter BugRead Replies (1) | Respond to of 306849
 
mind, cutting $700 billion from the economy will crater it.

CA implemented the highest tax hike in state history and revenues were 30% below expected in April.

there is no easy solution now - which is why not getting into this spot was crucial for ever day americans.

the elites want to take down and impoverish america's middle class.

a strong middle class won't surrender sovereignty to the internal banker's global government.

a crushed and dependent one will.

or so they theorize.