Archive for category Politics
Foresight: Due to massive debt and the devalued dollar, what will retail sells be like this holiday season?
What will that do to the market? Oh yea, that requires thinking beyond next week. Sorry.
Then there is also those high energy costs to heat the house…
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New neo-slogan “Don’t worry. Be happy”
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LoveMuffins (below) Ahh, but due to the litany of bad debt/credit, why would banks keep lending. Also, the subprime lenders have made their billions and are now going away.
Brian (below) Confidence ends where debt payments begin. Jus as with the housng market, the US is near it’s peak of debt. The air has to come out sooner or later. Thus it should occur this year.
B.Kevorkian (below) I think paying down debt will be the word for the day over the holidays.
Biggg (below) It does when the bulk of the stuff purchased comes from other countries. Are they going to drop their prices any lower than their cheap labor has already allowed them to?
I see Republicans talking about a “tax holiday”. but wouldn’t that be a huge amount of debt?
I mean, if you’re not collecting tax dollars, you’re not bringing in income…
and we bring in about $2.6 tril in assorted taxes a year… if you stopped collecting the taxes… where does the income come from?
just put it on the debt?
and since, as many Republicans are fond of constantly repeating, the wealthy pay like 70 percent of taxes… wouldn’t this be geared majorly toward the wealthy, which wouldn’t address some of the actual problems?
and that $2.6 tril (or 1.3 trill for a half year) wouldn’t count the projected 1 tril deficit will will also probably have… so that’s like 2.5 to 4 trillion more in debt…