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August 02, 2011

Comments

You guys. Wake up! There is NO money for a stimulus.

John Mauldin on the End of the Debt Supercycle. Takes about 6 minutes...

http://finance.yahoo.com/blogs/daily-ticker/debt-binge-ending-middle-class-clobbered-20110405-094510-405.html

John Mauldin is not saying anything that has not been said before. It's just more of the same.....bullshit.

World markets deep in the red again today. I blame Bush and the Tea Party ;)

DJ, I agree. I thought deficit reduction with no tax increases was supposed to be good for the economy. But obviously investors don't agree.

Now maybe we should try the sort of thing that worked in the prosperous Clinton years: raising taxes on the wealthy, eliminating corporate tax giveaways, and getting back to budget surpluses without screwing the poor and elderly.

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