G Money <[email protected]> wrote: > So remove or limit the loopholes, rebates and shelters that are available > only to the super rich (whatever those are). Do you have an specifics? >
Our situation is actually that easy to fix. Getting rid of the loopholes alone would allow a top rate tax CUT from 35% to 30% and would still easily pay down the debt if we included modest spending cuts. Of course that's not going to happen due to lobbying which is why our debt was downgraded. Further the US has 3 other problems: 1.) we're addicted to a global consumer economy (cheap consumer goods) 2.) we're mortally connected to the global monetary economy (existing US system will crash with a world crash) 3.) we're mortally connected to oil And finally, all of the existing structures that caused our crash in 2007 are now all WORSE. A great example is JP Morgan's Jamie Dimon complaining about how he can't unload all of his mortgages, "We have homes sitting there for 500 days rotting that we can't do anything about" while at the same time getting rid of his loan-loss $$$. The FASB allows him to do that. Oh, by the way, the CFO of Wells Fargo suddenly resigned a few months ago and last week the CFO of Bank of America resigned. Could be coincidence or could be they agree with Robert. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:336458 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
