Greenspan – Very Dangerous Possibilities of Extending Bush Tax Cuts

[sdduuuude]

Yes – we are playing “Let’s Make a Deal” and a goat waits behind each of the three doors. There is no “Brand New Car !”

[patb]

[quote=Russell]For decades now our country looks like a terrible reality show called “Battle of the Welfare Queens”. The contestants are racketeers, pimps and prostitutes, who have to put bribes and arrange or pull tricks, to see who gets hit by the pain train and who gets hit by a delicious cream puff. The studio audience gets splattered with blood while the try to catch frosting.[/quote]

bankers and multi nationals pay no taxes.

[patb]

[quote=Russell]For decades now our country looks like a terrible reality show called “Battle of the Welfare Queens”. The contestants are racketeers, pimps and prostitutes, who have to put bribes and arrange or pull tricks, to see who gets hit by the pain train and who gets hit by a delicious cream puff. The studio audience gets splattered with blood while the try to catch frosting.[/quote]

bankers and multi nationals pay no taxes.

[patb]

[quote=Russell]For decades now our country looks like a terrible reality show called “Battle of the Welfare Queens”. The contestants are racketeers, pimps and prostitutes, who have to put bribes and arrange or pull tricks, to see who gets hit by the pain train and who gets hit by a delicious cream puff. The studio audience gets splattered with blood while the try to catch frosting.[/quote]

bankers and multi nationals pay no taxes.

[patb]

[quote=Russell]For decades now our country looks like a terrible reality show called “Battle of the Welfare Queens”. The contestants are racketeers, pimps and prostitutes, who have to put bribes and arrange or pull tricks, to see who gets hit by the pain train and who gets hit by a delicious cream puff. The studio audience gets splattered with blood while the try to catch frosting.[/quote]

bankers and multi nationals pay no taxes.

[patb]

[quote=Russell]For decades now our country looks like a terrible reality show called “Battle of the Welfare Queens”. The contestants are racketeers, pimps and prostitutes, who have to put bribes and arrange or pull tricks, to see who gets hit by the pain train and who gets hit by a delicious cream puff. The studio audience gets splattered with blood while the try to catch frosting.[/quote]

bankers and multi nationals pay no taxes.

[Scarlett]

Multi-nationals?

What do you mean? I have double citizenship and pay American taxes…

[Scarlett]

Multi-nationals?

What do you mean? I have double citizenship and pay American taxes…

[Scarlett]

Multi-nationals?

What do you mean? I have double citizenship and pay American taxes…

[Scarlett]

Multi-nationals?

What do you mean? I have double citizenship and pay American taxes…

[Scarlett]

Multi-nationals?

What do you mean? I have double citizenship and pay American taxes…

[investor]

I don’t see a revolution either but I do see a situation so bad that there is a wide spread call to change the system to a more equitable one. (Flat tax, term limits on congress people, balanced budget mandatory, replacing the dollar with another currency, …)The book “aftershock” by weinamer (or something close to that) spells it all out. I am a little surprised that greenspan is saying something similar to what aftershock says. ( If you read between greenspan’s words). This is the first time I have heard a mainstream economist reference a catastrophe if the debt load isn’t reduced. In short, aftershock says that we are in for a dollar bubble which leads to a Treasury bond bubble/default.

[investor]

I don’t see a revolution either but I do see a situation so bad that there is a wide spread call to change the system to a more equitable one. (Flat tax, term limits on congress people, balanced budget mandatory, replacing the dollar with another currency, …)The book “aftershock” by weinamer (or something close to that) spells it all out. I am a little surprised that greenspan is saying something similar to what aftershock says. ( If you read between greenspan’s words). This is the first time I have heard a mainstream economist reference a catastrophe if the debt load isn’t reduced. In short, aftershock says that we are in for a dollar bubble which leads to a Treasury bond bubble/default.

[investor]

I don’t see a revolution either but I do see a situation so bad that there is a wide spread call to change the system to a more equitable one. (Flat tax, term limits on congress people, balanced budget mandatory, replacing the dollar with another currency, …)The book “aftershock” by weinamer (or something close to that) spells it all out. I am a little surprised that greenspan is saying something similar to what aftershock says. ( If you read between greenspan’s words). This is the first time I have heard a mainstream economist reference a catastrophe if the debt load isn’t reduced. In short, aftershock says that we are in for a dollar bubble which leads to a Treasury bond bubble/default.

[investor]

I don’t see a revolution either but I do see a situation so bad that there is a wide spread call to change the system to a more equitable one. (Flat tax, term limits on congress people, balanced budget mandatory, replacing the dollar with another currency, …)The book “aftershock” by weinamer (or something close to that) spells it all out. I am a little surprised that greenspan is saying something similar to what aftershock says. ( If you read between greenspan’s words). This is the first time I have heard a mainstream economist reference a catastrophe if the debt load isn’t reduced. In short, aftershock says that we are in for a dollar bubble which leads to a Treasury bond bubble/default.

[Author]

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