lol I expected this thread to be about who would be the Dem nominee in 2012.
Clinton has a good point, when you are financing 75% of the budget, doubling taxes on the rich would mean you are financing now 70% of the budget and that is only if Obama is right about tax receipts, if the new taxes slow the economy more, we could wind up having to finance 80% of the debt.
:faint: And Americans have the gall to point fingers at Greece.
Thomas Sowell: There are no solutions, just trade-offs.
Taxing the rich will help lower the deficit (Maybe) - it won't help the economy.
While the government is part of the economy (C+I+G --- government is the "G") - it's the least productive component.
Consumption has a multiplier effect, and investment generates long-term returns.
Government spending generates dependency (it doesn't matter if we're talking about contractors or welfare recipients - they're both dependent).
Were I a strategist - I'd encourage return-generating investments. The cost of money is already ludicrously low. All we need is an incentive to take risk.
Maureen O'Dowd today in the Post compares President Obama and Bill Clinton and Obama comes off looking like the guy out of touch. And Ms. O'Dowd seems to really miss the old guy.
Thomas Sowell: There are no solutions, just trade-offs.
bailey bud wrote: All we need is an incentive to take risk.
This is absolutely what businesses need the most...raising the capital gains tax will hinder investment and help kill the stock market more. Businesses also just to have some certainty about future costs and NOBODY currently knows what to expect, especially if the health care nightmare bill is allowed to live.
The left is angry because they are now being judged by the content of their character and not by the color of their skin.
