$52,300 for a family of 4 is what the government needs to collect.

[HappySqurriel]

Rath said:

HappySqurriel said:

First off, stock markets are not a good indicator of anything except for people's irrational (and often emotionally based) expections of what the market will look like in 6 months ... One of the primary reasons the markets have been rallying is that the markets have been rallying and people are putting their money back into the market for fear of missing their opportunity to make a lot of money; within 6 weeks we will see the markets noticeably lower than they currently are after negative data (or possibly just a lack of positive data) impacts people's confidence, the market drops and people sell for fear of losing everything.

With that said ...

People who support Obama's actions are (primarily) unwilling to consider that the decisions that are being made will make the country and economy far worse in the long run ... Even if the unemployment rate hits 20% and inflation spikes up to 20% they will still believe that it would have been so much worse if Obama's plan wasn't executed.

And even if the economy does rally and recover people will believe it would have been so much better if Obama hadn't pushed this budget through.

 

 

Few countries survive with a debt to GDP ratio of 75%, and you expect that the US economy will rally after it passed 100% and is tracking towards 150% at a record pace?