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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: kollmhn who wrote (154717)	8/1/2011 4:32:16 PM
From: Sweet Ol	Read Replies (2) \| Respond to of 206093

Koll, the trouble with (d) is that as the debt increases the Bond Market will increase the interest rates and the interest payments will soon become the biggest expense. Blessings, JRH

To: kollmhn who wrote (154717)	8/1/2011 4:33:42 PM
From: KyrosL	1 Recommendation Respond to of 206093

Or a combination of what you stated. Plus throw in a repeal of the Bush tax cuts. And maybe a Federal VAT or sales tax. PS. I meant SS and Medicare will double, not SS by itself.

To: kollmhn who wrote (154717)	8/1/2011 4:57:07 PM
From: KyrosL	2 Recommendations Respond to of 206093

The boomers are not very well prepared for retirement. But they are relatively in better shape than the generation coming after them, which has worse pensions and jobs and will depend even more heavily on Medicare and Social Security. So, since they all vote, forget about substantial reductions in Medicare and Social Security. And because we are spending much more than Europe for health care as a percent of GDP, I foresee at least an equalization of tax rates with Europe's in the not too distant future. Right now typical taxes is Europe are: 40% top tax rate on income over $100K 20% VAT (sales) tax on goods and services -- food and medicine are taxed less, around 10%. $4/gallon gasoline and diesel fuel tax