Sam <[email protected]> wrote: > Tax and spend is not the answer. > We added a trillion a year to the budget. That's what needs to be cut. > Go back to 2007 spending and to something to encourage business so we > can collect tax reven >
I'm with ya. Cut the Obama spending. Totally agree. I think where we disagree is on asset prices and "encouraging business". Housing still needs to drop about 50% and that ignores all other asset prices which also need to drop. Further, we can encourage business all we want but who are they going to sell to? Americans? no, they're broke and their asset prices are falling so they'll wait and save. Europeans? No. Asians? No. So there really isn't any there there. And with no buyers business growth certainly isn't going to be 10%. And, as you pointed out, they only pay 10-15% taxes anyway. There's no other option: We gotta take a hit. and it's either a short term hit or a long term one. Now the smart way would be to raise taxes, cut spending, fix the budget in a few years and then re-boot. The dumb way will be to walk the line of crisis until eventually one occurs which is what we're doing now. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| 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:336678 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
