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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: mel221 who wrote (114931)	6/8/2012 3:30:48 PM
From: RetiredNow	Read Replies (2) \| Respond to of 149317

Yes. I'd bet that if they allow tax rates to increase, then we'll see greater tax revenues. However, one thing that will muddy the waters is that we're already heading into a recession. The numbers in May are horrendous and the trend is getting worse, despite the mainstream media's attempts to hide it. I personally think that mid-2012 is shaping up to look a whole lot like mid-2008. If that's true, then early 2013 could be ugly indeed and that will not only tank markets, but it will tank tax revenues regardless of what the rates are. I hope Europe forms a more perfect financial union. If they do not, then the Euro is doomed and so are the peripheral nations. If that explodes, then it will take us down with it. All of this has a good chance of playing out in the next 6-12 months, because I don't think the massive debt and economic shrinkage gives politicians much runway left. So the next year will be interesting indeed.