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To: Brian Sullivan who wrote (42346)	12/21/2012 4:38:52 PM
From: ggersh	1 Recommendation Read Replies (5) \| Respond to of 221892

Not to argue but what proof do you have about raising taxes, seems the country did economically well w/Clinton tax rates. And cutting the military doesn't work?

To: Brian Sullivan who wrote (42346)	12/21/2012 7:58:48 PM
From: Wayners	Read Replies (1) \| Respond to of 221892

We're screwed because tax increases won't work. They've never been able to squeeze more than 20% of GDP in taxes. People won't pay, they won't invest and they won't work and they'll send their capital overseas and invest in foreign countries. So will Foreigners. They simply won't invest here. Now the momentum of upward spending is still there and going parabolic. U.S. Treasury bonds are the biggest bubble of all time. I know because of how they are described everyday as being "risk free", 100% safe, full faith and credit...blah blah blah. These are all bubble terms.

To: Brian Sullivan who wrote (42346)	12/21/2012 8:10:16 PM
From: GROUND ZERO™	1 Recommendation Respond to of 221892

WEEKEND MARKET POLL FOR THE NOT TOO SURE... Let your opinion count, if you're not too sure if the DOW will finish higher or lower next week, then please Recommend This Post... Thank you for your valuable participation... also, if you have a market impression, then kindly post it and share it with the thread... thanks... GZ

To: Brian Sullivan who wrote (42346)	12/22/2012 12:42:05 AM
From: llap	1 Recommendation Read Replies (1) \| Respond to of 221892

Where are the Reaganomics when you need them? Milton Friedman said that if interest rates on treasuries are low then you have to supply more. He said that when they were >5% and Ronald Reagan wholeheartedly agreed. He ramped up the deficit and ushered in the boom of the 80s and 90s. What about Great Britain and the lend-lease act in 1940? Should we have told them sorry no help for you because it increases the deficit? Deal with Hitler by yourself? Should we not have answered Pearl Harbor because it creates a deficit? But guess what happened - all the war debt (much bigger than what we have today relative to GDP) created no issue but quite the contrary - a great post-WW2 boom. On the other hand, the two times we had a federal budget surplus post-WW2 (1968, 1999) it ushered in two lost decades and a lot of economic malaise. The last thing you want is a balanced budget - unless your goal is to create misery and hardship for your fellow countrymen Therefore, your post is also defeatist and unpatriotic. This is something I would expect more from France or today's Germany (where I'm from), but not from an American. I thought we can do better here... and we actually learned from our own history.

To: Brian Sullivan who wrote (42346)	12/22/2012 1:27:20 AM
From: llap	1 Recommendation Respond to of 221892

And the Republican are right that raising tax rates about 40% will kill economic growth. Are you serious? Under President Eisenhower (R!) the top tax rate was 90% yet the growth rates were much much higher than any time since the Bush tax cuts took effect in 2003. The correlation actually goes opposite - the lower the top tax rate, the lower is GDP growth. It is so obvious by just looking at the data. I find it truly astonishing how intelligent people can be so blindsided by ideology. Why do you do that to yourself?