Greenspan – Very Dangerous Possibilities of Extending Bush Tax Cuts

[KSMountain]

[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]
Quote of the week? I guess it’s still early…

[jficquette]

[quote=sdduuuude]I agree – it is a decision between “terrible and catistrophic” though I’m not sure which is which.

I also agree that the spending side is the side to focus on. Ideally, spending would be cut enough that we could keep the tax credits in place AND stop borrowing. One can dream.

I’m not sure why Greenspan says we need to cut spending instead of taxes. It should really be the same thing, but since we are borrowing so much, I guess he is saying we should stop borrowing and raise taxes.

This is not screaming “bull housing market” to me.[/quote]

Cutting spending is better because we have to get it under control. Once it’s under control then you can cut taxes.

[jficquette]

[quote=sdduuuude]I agree – it is a decision between “terrible and catistrophic” though I’m not sure which is which.

I also agree that the spending side is the side to focus on. Ideally, spending would be cut enough that we could keep the tax credits in place AND stop borrowing. One can dream.

I’m not sure why Greenspan says we need to cut spending instead of taxes. It should really be the same thing, but since we are borrowing so much, I guess he is saying we should stop borrowing and raise taxes.

This is not screaming “bull housing market” to me.[/quote]

Cutting spending is better because we have to get it under control. Once it’s under control then you can cut taxes.

[jficquette]

[quote=sdduuuude]I agree – it is a decision between “terrible and catistrophic” though I’m not sure which is which.

I also agree that the spending side is the side to focus on. Ideally, spending would be cut enough that we could keep the tax credits in place AND stop borrowing. One can dream.

I’m not sure why Greenspan says we need to cut spending instead of taxes. It should really be the same thing, but since we are borrowing so much, I guess he is saying we should stop borrowing and raise taxes.

This is not screaming “bull housing market” to me.[/quote]

Cutting spending is better because we have to get it under control. Once it’s under control then you can cut taxes.

[jficquette]

[quote=sdduuuude]I agree – it is a decision between “terrible and catistrophic” though I’m not sure which is which.

I also agree that the spending side is the side to focus on. Ideally, spending would be cut enough that we could keep the tax credits in place AND stop borrowing. One can dream.

I’m not sure why Greenspan says we need to cut spending instead of taxes. It should really be the same thing, but since we are borrowing so much, I guess he is saying we should stop borrowing and raise taxes.

This is not screaming “bull housing market” to me.[/quote]

Cutting spending is better because we have to get it under control. Once it’s under control then you can cut taxes.

[jficquette]

[quote=sdduuuude]I agree – it is a decision between “terrible and catistrophic” though I’m not sure which is which.

I also agree that the spending side is the side to focus on. Ideally, spending would be cut enough that we could keep the tax credits in place AND stop borrowing. One can dream.

I’m not sure why Greenspan says we need to cut spending instead of taxes. It should really be the same thing, but since we are borrowing so much, I guess he is saying we should stop borrowing and raise taxes.

This is not screaming “bull housing market” to me.[/quote]

Cutting spending is better because we have to get it under control. Once it’s under control then you can cut taxes.

[equalizer]

[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]
You just stay away from my cream puffs!

Tom Keene at Bloomberg Radio had a great discussion with a expert panel on How to Fix the Economy.

Panelists: Yale University professor Robert J. Shiller, Peter R. Orszag, former Salomon Brothers Managing Director Henry Kaufman, Professor Charles W. Calomiris, and Pimco Managing Director William H. Gross

http://www.businessweek.com/magazine/content/10_39/b4196054741296.htm

Schiller is the lone outsider with no agenda and has summed up the mood of the country. He views may appear a tad idealistic, but he correctly identified the two bubbles of the last decade.

Shiller: “There are many dimensions to trying to restore confidence. A plan to reduce the national debt is a relatively small part of it at this point. The really big thing is, people are very upset. They feel that the country is not theirs, and that a small group of wealthy people who get bailed out and bribe the government are in charge.”

Not everyone can have cream puffs!

[equalizer]

[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]
You just stay away from my cream puffs!

Tom Keene at Bloomberg Radio had a great discussion with a expert panel on How to Fix the Economy.

Panelists: Yale University professor Robert J. Shiller, Peter R. Orszag, former Salomon Brothers Managing Director Henry Kaufman, Professor Charles W. Calomiris, and Pimco Managing Director William H. Gross

http://www.businessweek.com/magazine/content/10_39/b4196054741296.htm

Schiller is the lone outsider with no agenda and has summed up the mood of the country. He views may appear a tad idealistic, but he correctly identified the two bubbles of the last decade.

Shiller: “There are many dimensions to trying to restore confidence. A plan to reduce the national debt is a relatively small part of it at this point. The really big thing is, people are very upset. They feel that the country is not theirs, and that a small group of wealthy people who get bailed out and bribe the government are in charge.”

Not everyone can have cream puffs!

[equalizer]

[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]
You just stay away from my cream puffs!

Tom Keene at Bloomberg Radio had a great discussion with a expert panel on How to Fix the Economy.

Panelists: Yale University professor Robert J. Shiller, Peter R. Orszag, former Salomon Brothers Managing Director Henry Kaufman, Professor Charles W. Calomiris, and Pimco Managing Director William H. Gross

http://www.businessweek.com/magazine/content/10_39/b4196054741296.htm

Schiller is the lone outsider with no agenda and has summed up the mood of the country. He views may appear a tad idealistic, but he correctly identified the two bubbles of the last decade.

Shiller: “There are many dimensions to trying to restore confidence. A plan to reduce the national debt is a relatively small part of it at this point. The really big thing is, people are very upset. They feel that the country is not theirs, and that a small group of wealthy people who get bailed out and bribe the government are in charge.”

Not everyone can have cream puffs!

[equalizer]

[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]
You just stay away from my cream puffs!

Tom Keene at Bloomberg Radio had a great discussion with a expert panel on How to Fix the Economy.

Panelists: Yale University professor Robert J. Shiller, Peter R. Orszag, former Salomon Brothers Managing Director Henry Kaufman, Professor Charles W. Calomiris, and Pimco Managing Director William H. Gross

http://www.businessweek.com/magazine/content/10_39/b4196054741296.htm

Schiller is the lone outsider with no agenda and has summed up the mood of the country. He views may appear a tad idealistic, but he correctly identified the two bubbles of the last decade.

Shiller: “There are many dimensions to trying to restore confidence. A plan to reduce the national debt is a relatively small part of it at this point. The really big thing is, people are very upset. They feel that the country is not theirs, and that a small group of wealthy people who get bailed out and bribe the government are in charge.”

Not everyone can have cream puffs!

[equalizer]

[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]
You just stay away from my cream puffs!

Tom Keene at Bloomberg Radio had a great discussion with a expert panel on How to Fix the Economy.

Panelists: Yale University professor Robert J. Shiller, Peter R. Orszag, former Salomon Brothers Managing Director Henry Kaufman, Professor Charles W. Calomiris, and Pimco Managing Director William H. Gross

http://www.businessweek.com/magazine/content/10_39/b4196054741296.htm

Schiller is the lone outsider with no agenda and has summed up the mood of the country. He views may appear a tad idealistic, but he correctly identified the two bubbles of the last decade.

Shiller: “There are many dimensions to trying to restore confidence. A plan to reduce the national debt is a relatively small part of it at this point. The really big thing is, people are very upset. They feel that the country is not theirs, and that a small group of wealthy people who get bailed out and bribe the government are in charge.”

Not everyone can have cream puffs!

[gandalf]

When it comes to tax policy, closing loopholes for corporations and reducing tax avoidance would have a tremendous impact on revenue levels, which would enable our government to reduce debt.

[gandalf]

When it comes to tax policy, closing loopholes for corporations and reducing tax avoidance would have a tremendous impact on revenue levels, which would enable our government to reduce debt.

[gandalf]

When it comes to tax policy, closing loopholes for corporations and reducing tax avoidance would have a tremendous impact on revenue levels, which would enable our government to reduce debt.

[gandalf]

When it comes to tax policy, closing loopholes for corporations and reducing tax avoidance would have a tremendous impact on revenue levels, which would enable our government to reduce debt.

[Author]

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