[SDEngineer]

It’s a matter of being able to pay our bills.

Right now, as a country, we’re like the guy who took out a option ARM loan for a house he couldn’t afford and is paying the minimum neg-am payment every month digging himself in deeper and deeper.

Like it or not, there are two solutions – 1) raise taxes so we can pay our bills, or 2) cut all social and military spending to the bone to make ends meet. I doubt #2 is politically feasable, and in any case, the depths of the cuts needed are probably enough to cause more problems than they would solve (for example, it’s not like doctors would stop treating people if medicare was completely cut out…but it’s very likely that a lot of people who medicare used to cover would stop going for preventative care and only show up for ER treatment when a major emergency happened – and those are VERY expensive).

Yeah, our government is hideously inefficient when it comes to spending money – but it’s our government, and with all it’s flaws it’s a better government than most have. It’s a necessary evil. I doubt anarchy would work, and, frankly, we already tried laissez-faire capitalism (last century), and found out that leaving all the regulation up to the capitalists themselves, and all the social programs up to charity, didn’t work out very well either.

[SDEngineer]

I won’t argue that it’s nice to keep some of the rewards of our efforts.

But, on the other hand, we are talking about a 3% across the board cut that amounts to roughly half the current budget deficit. I’d rather pay a little more in taxes and not have our aggregate budget deficit pushing $10T dollars – especially when the vast majority of that tax cut went to those earning FAR FAR more than the average American makes. That 3% tax cut for me (and I’m in the top 10% in income bracket) is an extra (small) vacation a year. The 3% tax cut for a CEO on the other hand is about the size of a luxury car. For one of those hedge fund managers, that 3% is the size of a home in RSF. I don’t think that CEO’s and hedge fund managers need that tax break quite as much as our economy needs balancing.

It’s not like they’re going to move anywhere else – we already have the lowest taxation of any first world nation.

The difference between me paying 25% and 28% is a minimal price to pay to have a more stable economy. Of course, by just reinstating the 38% tax bracket (for those making 200K/yr single, 350K/yr married), without touching any of the lower tax brackets, they could eliminate roughly half the current yearly budget deficit.

[SDEngineer]

I won’t argue that it’s nice to keep some of the rewards of our efforts.

But, on the other hand, we are talking about a 3% across the board cut that amounts to roughly half the current budget deficit. I’d rather pay a little more in taxes and not have our aggregate budget deficit pushing $10T dollars – especially when the vast majority of that tax cut went to those earning FAR FAR more than the average American makes. That 3% tax cut for me (and I’m in the top 10% in income bracket) is an extra (small) vacation a year. The 3% tax cut for a CEO on the other hand is about the size of a luxury car. For one of those hedge fund managers, that 3% is the size of a home in RSF. I don’t think that CEO’s and hedge fund managers need that tax break quite as much as our economy needs balancing.

It’s not like they’re going to move anywhere else – we already have the lowest taxation of any first world nation.

The difference between me paying 25% and 28% is a minimal price to pay to have a more stable economy. Of course, by just reinstating the 38% tax bracket (for those making 200K/yr single, 350K/yr married), without touching any of the lower tax brackets, they could eliminate roughly half the current yearly budget deficit.

[SDEngineer]

I won’t argue that it’s nice to keep some of the rewards of our efforts.

But, on the other hand, we are talking about a 3% across the board cut that amounts to roughly half the current budget deficit. I’d rather pay a little more in taxes and not have our aggregate budget deficit pushing $10T dollars – especially when the vast majority of that tax cut went to those earning FAR FAR more than the average American makes. That 3% tax cut for me (and I’m in the top 10% in income bracket) is an extra (small) vacation a year. The 3% tax cut for a CEO on the other hand is about the size of a luxury car. For one of those hedge fund managers, that 3% is the size of a home in RSF. I don’t think that CEO’s and hedge fund managers need that tax break quite as much as our economy needs balancing.

It’s not like they’re going to move anywhere else – we already have the lowest taxation of any first world nation.

The difference between me paying 25% and 28% is a minimal price to pay to have a more stable economy. Of course, by just reinstating the 38% tax bracket (for those making 200K/yr single, 350K/yr married), without touching any of the lower tax brackets, they could eliminate roughly half the current yearly budget deficit.

[SDEngineer]

I won’t argue that it’s nice to keep some of the rewards of our efforts.

But, on the other hand, we are talking about a 3% across the board cut that amounts to roughly half the current budget deficit. I’d rather pay a little more in taxes and not have our aggregate budget deficit pushing $10T dollars – especially when the vast majority of that tax cut went to those earning FAR FAR more than the average American makes. That 3% tax cut for me (and I’m in the top 10% in income bracket) is an extra (small) vacation a year. The 3% tax cut for a CEO on the other hand is about the size of a luxury car. For one of those hedge fund managers, that 3% is the size of a home in RSF. I don’t think that CEO’s and hedge fund managers need that tax break quite as much as our economy needs balancing.

It’s not like they’re going to move anywhere else – we already have the lowest taxation of any first world nation.

The difference between me paying 25% and 28% is a minimal price to pay to have a more stable economy. Of course, by just reinstating the 38% tax bracket (for those making 200K/yr single, 350K/yr married), without touching any of the lower tax brackets, they could eliminate roughly half the current yearly budget deficit.

[SDEngineer]

I won’t argue that it’s nice to keep some of the rewards of our efforts.

But, on the other hand, we are talking about a 3% across the board cut that amounts to roughly half the current budget deficit. I’d rather pay a little more in taxes and not have our aggregate budget deficit pushing $10T dollars – especially when the vast majority of that tax cut went to those earning FAR FAR more than the average American makes. That 3% tax cut for me (and I’m in the top 10% in income bracket) is an extra (small) vacation a year. The 3% tax cut for a CEO on the other hand is about the size of a luxury car. For one of those hedge fund managers, that 3% is the size of a home in RSF. I don’t think that CEO’s and hedge fund managers need that tax break quite as much as our economy needs balancing.

It’s not like they’re going to move anywhere else – we already have the lowest taxation of any first world nation.

The difference between me paying 25% and 28% is a minimal price to pay to have a more stable economy. Of course, by just reinstating the 38% tax bracket (for those making 200K/yr single, 350K/yr married), without touching any of the lower tax brackets, they could eliminate roughly half the current yearly budget deficit.

[SDEngineer]

Of course, if the Average Joe is living on a smaller and smaller (inflation adjusted) paycheck…that is, if their job wasn’t outsourced and they wound up working for one of the McJobs the Bush administration is so proud they managed to create (after losing 3+ million good paying ones)… he wouldn’t likely have much savings left to invest, now would he?

It’s all fine and dandy if you’re a member of the priveleged elite (upper middle class+, which is probably where most of us on Piggington are), but our country is built on the middle class – and Bush has been death on that class – worst President for the middle class in the past hundred years since the Depression from the numbers I’ve seen.

Sooner or later, that’s going to catch up with us. There’s only so many goods us well off folks can buy, and only so many services that we can pay our fellow Americans to provide. The death of the middle class as the largest class in the U.S. sooner or later spells the death of our economy. WE benefit when there are more people in that middle class making good wages so they can put that money back into the economy.

Offshoring all our manufacturing and other jobs which actually create things in the name of a multinational corporations “bottom line” in the end means a massive wealth transfer to all those other states that now create and manufacture all the things we used to do.

[SDEngineer]

Of course, if the Average Joe is living on a smaller and smaller (inflation adjusted) paycheck…that is, if their job wasn’t outsourced and they wound up working for one of the McJobs the Bush administration is so proud they managed to create (after losing 3+ million good paying ones)… he wouldn’t likely have much savings left to invest, now would he?

It’s all fine and dandy if you’re a member of the priveleged elite (upper middle class+, which is probably where most of us on Piggington are), but our country is built on the middle class – and Bush has been death on that class – worst President for the middle class in the past hundred years since the Depression from the numbers I’ve seen.

Sooner or later, that’s going to catch up with us. There’s only so many goods us well off folks can buy, and only so many services that we can pay our fellow Americans to provide. The death of the middle class as the largest class in the U.S. sooner or later spells the death of our economy. WE benefit when there are more people in that middle class making good wages so they can put that money back into the economy.

Offshoring all our manufacturing and other jobs which actually create things in the name of a multinational corporations “bottom line” in the end means a massive wealth transfer to all those other states that now create and manufacture all the things we used to do.

[SDEngineer]

Of course, if the Average Joe is living on a smaller and smaller (inflation adjusted) paycheck…that is, if their job wasn’t outsourced and they wound up working for one of the McJobs the Bush administration is so proud they managed to create (after losing 3+ million good paying ones)… he wouldn’t likely have much savings left to invest, now would he?

It’s all fine and dandy if you’re a member of the priveleged elite (upper middle class+, which is probably where most of us on Piggington are), but our country is built on the middle class – and Bush has been death on that class – worst President for the middle class in the past hundred years since the Depression from the numbers I’ve seen.

Sooner or later, that’s going to catch up with us. There’s only so many goods us well off folks can buy, and only so many services that we can pay our fellow Americans to provide. The death of the middle class as the largest class in the U.S. sooner or later spells the death of our economy. WE benefit when there are more people in that middle class making good wages so they can put that money back into the economy.

Offshoring all our manufacturing and other jobs which actually create things in the name of a multinational corporations “bottom line” in the end means a massive wealth transfer to all those other states that now create and manufacture all the things we used to do.

[SDEngineer]

Of course, if the Average Joe is living on a smaller and smaller (inflation adjusted) paycheck…that is, if their job wasn’t outsourced and they wound up working for one of the McJobs the Bush administration is so proud they managed to create (after losing 3+ million good paying ones)… he wouldn’t likely have much savings left to invest, now would he?

It’s all fine and dandy if you’re a member of the priveleged elite (upper middle class+, which is probably where most of us on Piggington are), but our country is built on the middle class – and Bush has been death on that class – worst President for the middle class in the past hundred years since the Depression from the numbers I’ve seen.

Sooner or later, that’s going to catch up with us. There’s only so many goods us well off folks can buy, and only so many services that we can pay our fellow Americans to provide. The death of the middle class as the largest class in the U.S. sooner or later spells the death of our economy. WE benefit when there are more people in that middle class making good wages so they can put that money back into the economy.

Offshoring all our manufacturing and other jobs which actually create things in the name of a multinational corporations “bottom line” in the end means a massive wealth transfer to all those other states that now create and manufacture all the things we used to do.

[SDEngineer]

Of course, if the Average Joe is living on a smaller and smaller (inflation adjusted) paycheck…that is, if their job wasn’t outsourced and they wound up working for one of the McJobs the Bush administration is so proud they managed to create (after losing 3+ million good paying ones)… he wouldn’t likely have much savings left to invest, now would he?

It’s all fine and dandy if you’re a member of the priveleged elite (upper middle class+, which is probably where most of us on Piggington are), but our country is built on the middle class – and Bush has been death on that class – worst President for the middle class in the past hundred years since the Depression from the numbers I’ve seen.

Sooner or later, that’s going to catch up with us. There’s only so many goods us well off folks can buy, and only so many services that we can pay our fellow Americans to provide. The death of the middle class as the largest class in the U.S. sooner or later spells the death of our economy. WE benefit when there are more people in that middle class making good wages so they can put that money back into the economy.

Offshoring all our manufacturing and other jobs which actually create things in the name of a multinational corporations “bottom line” in the end means a massive wealth transfer to all those other states that now create and manufacture all the things we used to do.

[SDEngineer]

Based on the fundamentals of price to rent ratio and price to median income ratios, isn’t it more likely to be a “dead cat bounce” phase rather than the bottom?

I know a lot of Piggs last year were predicting a spring “dead cat bounce” for the market this year – and that also follows a trend in past bubble deflations.

[SDEngineer]

Based on the fundamentals of price to rent ratio and price to median income ratios, isn’t it more likely to be a “dead cat bounce” phase rather than the bottom?

I know a lot of Piggs last year were predicting a spring “dead cat bounce” for the market this year – and that also follows a trend in past bubble deflations.

[SDEngineer]

Based on the fundamentals of price to rent ratio and price to median income ratios, isn’t it more likely to be a “dead cat bounce” phase rather than the bottom?

I know a lot of Piggs last year were predicting a spring “dead cat bounce” for the market this year – and that also follows a trend in past bubble deflations.

[SDEngineer]

Based on the fundamentals of price to rent ratio and price to median income ratios, isn’t it more likely to be a “dead cat bounce” phase rather than the bottom?

I know a lot of Piggs last year were predicting a spring “dead cat bounce” for the market this year – and that also follows a trend in past bubble deflations.

[Author]

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