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.

Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Copeland who wrote (42391)	12/22/2012 12:24:12 AM
From: Brian Sullivan	Respond to of 221965

Thanks I agree with you 100%. We need big big cuts in the government. Obama make me physically ill every time he talks about the negotiations. He lies about everything and then says he's done his best to meet the Republicans halfway.

To: Copeland who wrote (42391)	12/22/2012 3:32:27 AM
From: Gary105	Respond to of 221965

Great summary! Per your numbers, please note balancing the budget would require either 30% spending cut or 40% tax increase.

To: Copeland who wrote (42391)	12/22/2012 8:51:10 AM
From: ggersh	Respond to of 221965

I believe if we started collecting corporate revenue all those figure's change. Why can corporations keep their money offshore outsource jobs offshore yet reap all the benefit's of govt spending. Most people don't make enough money to have tax lawyers and havens like Romney, hedge funds pay a 15% tax rate isn't that sweet. I have no argument in cutting spending, the MIC is only the beginning. Energy Dept is also mostly military, Homeland etc. etc.. Also much of the social programs are a corporate subsidy. Imagine if Walmart paid a living wage and gave benefits to it's employee's that brings down the cost of govt.... Corporation's write all the laws, we the people have no lobby, Clowngress which is suppose to be the people's lobby has deferred on that aspect of their job. I feel all this could help accomplish your goal "In my ideal world, government should be cut by a third and taxes left the same (or even cut), but that will never happen."

To: Copeland who wrote (42391)	12/22/2012 12:34:50 PM
From: FCom777	Respond to of 221965

With all this deficit and tax talk in the air - can someone answer a simple (maybe not so simple) - question? How do the Federal Reserve money flows get book kept ???? Are they completely independent from the US Budget ? How much money does the Fed 'spend' in a year ? Where does it come from ? Is the Fed's "budget" greater than that of the rest of the US Govt - including the military ? Does anyone know ? Or is that what the Fed Audit drive is all about ? Surely someone knows something or is there must a way to estimate based on the Total US Debt rate of increase? Inquiring minds would like to know ...