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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (45527)	9/1/2010 7:17:10 PM
From: DuckTapeSunroof	Respond to of 71588

Re: "we aren't in bad economic times becuase current consumption levels are too low, what is low is investment. So the whole argument that "a tax break 'for the rich' doesn't help because they don't spend the money" is rather silly" SEVERAL THINGS are problematic with the current situation, not just one. *An argument can be made that perceptions of future uncontrolled deficits* are at the heart of the market psychology that is restraining investment and expansions.** And that a BELIEVABLE COMMITMENT to reducing deficits (likely 'believable' only if coming from a comprehensive approach that can attract sufficient broad-based support to be implemented... containing revenue increases from closing loopholes and special tax code benefits and a multi-year-long decline in the rate of spending increases, pretty much goring everyone's oxes) is exactly what the markets and the broader economy are looking for. For us to break the cycle of structural deficits and low growth.