I see the FED being debated here again
#11
Posted 31 December 2006 - 10:30 PM
#12
Posted 01 January 2007 - 06:15 AM
#13
Posted 01 January 2007 - 07:17 AM
I am not sure we are talking about the same issues, although I find your reasoning a bit naive there, but I don't mind learning there some more. IMHO, a bubble burst in 2001, 9/11 accelerated its final pop and the gov't has been trying to reinflate it as quickly as possible. I don't favor the high taxes all that much either, it is just that if there is a rate of deficit to be reduced from here, I'd rather see the money coming from the ones who disproportionally benefited the most over the past 3-4 yrs rather than cutting the budgets of the schools or similar...
The system always favors the rich, the labor rates have barely increased with the inflation, while the corporate managers constantly received double digit pay increases and bonuses in the mean time. They'd even rather transfer the know-how to the labor in the overseas and close their local shops and completely loose their chance to improve their future competetive edge in order to increase their profits and bonus checks now, it is already happening...
- kisa
Logic always prevails and when one cannot see it, you have to realize there is a bigger context where all these seemingly illogical policies and actions fit in.
Running these deficits is fiscal suicide. This ship ain't turning around or even trying. It's rarely discussed in mainstream media but a high school student could conclude the outcome. So, my suspicious mind must conclude that there is a bigger although hidden agenda.
Taxes are going up for us all significantly in 2-3 yrs as well as inflation, and govt spending on an inevitable ME war escalation.
#14
Posted 01 January 2007 - 10:27 AM
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!