Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : 2012 Biotech Charity Contest -- Ignore unavailable to you. Want to Upgrade?

To: Biomaven who wrote (319)	6/27/2012 8:20:11 AM
From: Robohogs	1 Recommendation Respond to of 513

As usual, Peter, I agree with you but not quite 100%. On entitlements, agreed but I would prefer means testing too. On taxes, I would like current Bush rates but with NO deductions. Maybe a new $500K bracket - what is never discussed is that raising rates is a coastal tax. Getting rid of deductions makes it worse but that may make it easier to acknowledge state problems and hasten states making choices. I hate the state and local pension reform - the old guys alwas keep their stuff and new guys shafted but under law, it is hard to do much else. In ST, we badly need infra. I think it is pipelines, nat gas infra for transport, maybe LNG stuff but maybe not, and transport networks. It is NOT money to states for favored constituencies, Dem or Repub. And we cannot take low cost money As a basic assumption - BUT Japan and UK go down first probably. I have seen no one comment on ond idea of mine (seen it no where else) which is to issue $1 trillion of debt of say 30s and 50s, to pre-fund rollovers. Cancel TWIST. LT rates not the issue now. Pass Simpson-Bowles. Jon

To: Biomaven who wrote (319)	6/27/2012 10:39:22 AM
From: Chris08	1 Recommendation Respond to of 513

I would agree 100%. This is certainly my view (and that of Krugman too, by the way). The important points being that inflation is not an issue nor is the deficit, given that the government can borrow for almost nothing. (Not to be nasty or combative, but the idea that we are headed in the direction of Greece I found beyond absurd.) And the money should be used for fiscal stimulus spending on infrastructure to decrease unemployment. If the economy begins to grow at a good rate it might not be necessary to cut entitlements much and if a sensible medical insurance program can be created (or even what Obamacare has achieved survives) the most expensive entitlement could be reined in. I also don't see why taxes could not be raised right now on people making over, say, a million a year. This might not produce vast revenues but it would be a step in the direction and important symbolically of the need to decrease the scandalous income inequality that now exists.