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General - Market Meldown - View Post

ssj12 said:

the Repubs are blocking tax increase bills half the time. Frankly we need McCain or Nader in the White House otherwise the US will fall or we will just need a new election because both Obama and Biden will be killed for jacking up taxes (Biden more then Obama when it comes to tax increases). We need to say screw our debt problem at the moment and help the citizens before the government.

I have an odd feeling that if Biden becomes president it will be the fall of the Democratic USA. Remember throughout history Democracy has always fallen to a dictator than to a parliamentary system.

 

Part of the reason the economic problem is so bad is BECAUSE the national debt is so high (was a major trigger for the spike in oil prices as well as the run on the U.S. dollar worldwide).  If we don't fix it now, it will spiral out of control and not just temporarily cripple our economy, but permanently cripple it if we keep running the same kind of deficits we are running now.

I agree with what you are saying that tax hikes could hurt the economy, but the national debt actually has much larger potential to do long-term damage to our economy.

 



We had two bags of grass, seventy-five pellets of mescaline, five sheets of high-powered blotter acid, a salt shaker half full of cocaine, a whole galaxy of multi-colored uppers, downers, screamers, laughers…Also a quart of tequila, a quart of rum, a case of beer, a pint of raw ether and two dozen amyls.  The only thing that really worried me was the ether.  There is nothing in the world more helpless and irresponsible and depraved than a man in the depths of an ether binge. –Raoul Duke

It is hard to shed anything but crocodile tears over White House speechwriter Patrick Buchanan's tragic analysis of the Nixon debacle. "It's like Sisyphus," he said. "We rolled the rock all the way up the mountain...and it rolled right back down on us...."  Neither Sisyphus nor the commander of the Light Brigade nor Pat Buchanan had the time or any real inclination to question what they were doing...a martyr, to the bitter end, to a "flawed" cause and a narrow, atavistic concept of conservative politics that has done more damage to itself and the country in less than six years than its liberal enemies could have done in two or three decades. -Hunter S. Thompson