Dollar Will Weaken, 3 Sectors Will Rule: Strategists

[shygye]

As much as I have tried...you can not drink yourself sober...same-same...you can not borrow your way out of debt, like the US gov is trying to do. They borrow $$$ from the Federal Reserve, at interest, which incurs added debt.

 

...

 

Ever heard of T-bills? The Treasury puts T- bills up for auction to finance the debt. China is a big buyer of US debt instruments.

[cavanami]

...and the US gov MUST pay INTEREST on the T-bills...debt driven financing!!! where you can not EVER get out of DEBT!!!

[cavanami]

...and who pushed NAFTA thru? doesn't matter as he was just a puppet, what does matter is that hundreds of thousands of jobs have been eliminated in the USA and will never come back!

 

How did the USA become such a powerhouse? it WAS the USA industrial strength, but now globalism rules and the USA continues to sink.

I paid into social security and all the other programs, forced payment (as all US tax payers do) and who will continue to pay when there are no jobs?

 

I spent some years working in US steel mills...now all but gone. Auto industry, on the down turn.

 

Some say we are now a "service" economy but that is NOT what made the USA a powerhouse, it was INDUSTRY!

 

Unless major changes happen, your children and grandchildren will be third world citizens!!!

[shygye]

... haven't you already moved to the third world?

[cavanami]

Yes, but not my family...and your point is?

 

My point was that I am quite concerned for my family and future generations.

[rchapstick]

Yes, but all you do is bitch about it. Other than getting out of Iran and Afghanistan, you seemed to be opposed to stuff that would actually help balance the budget.

 

Like it or not, taxes will need to go up. Entitlements (like SS) will need to be reduced. Current spending on the military is unsustainable and wasteful. Deporting all of the illegals will cost hundreds of billions of dollars, and will reduce GDP.

[Old Hippie]

... well Warren Buffet agrees that the marginal rates of those making over $200K should go up! Buffet says now he pays a lower % of his income in taxes than his secretary!

 

Remember Clinton increased rates on the rich and the economy began a long growth phase' date=' and deficit spending was eliminated.[/quote']

 

 

Correct. And these 'born again' conservatives negate all the damage done by the Bush Brothers.

 

Fact:

 

There are bills to pay.

Someone has to pay the bills.

Tax the people that have the money to pay the bills.

 

This ain't rocket science.

 

 

 

I am no economics wiz here, but wouldn't taxing the rich encourage them to set up tax shelters, get deductions by hiring, starting businesses, investing in projects?

 

Reganomics was a disaster, all it did was encourage off shoring and hoarding of the wealth. The problems we have now may well be directly tied to those failures.

[Sporty]

I am no economics wiz here, but wouldn't taxing the rich encourage them to set up tax shelters, get deductions by hiring, starting businesses, investing in projects?

 

Reganomics was a disaster, all it did was encourage off shoring and hoarding of the wealth. The problems we have now may well be directly tied to those failures.

 

The days of individual, tax shelters are not what they use to be. Other than Municipal Bonds and a few others, that pay very little.

 

Taxes, for capital gains, are going up, personal rates are going up. Less insentive to take risk, start businesses or to hire anyone, with the payoff, taxed more. Remember, 3 out of 4 new business fail, in the first few years, money is lost, with it harder than ever to succeed, WHY RISK IT ?

 

Many businesses and individuals, are just preserving cash, with the uncertainty, coming from Washington, DC. If not for the Obama administration, the US economy would be smokin hot right now.

 

[Hugh_Hoy]

...and who pushed NAFTA thru? doesn't matter as he was just a puppet, what does matter is that hundreds of thousands of jobs have been eliminated in the USA and will never come back!!

 

NAFTA...a very, very poor idea IMO. I never, ever liked it. It really killed a lot of US industries. The concept involved several ideas. It would provide other countries the opportunity to purchase U.S. goods at a cheaper price, thereby allowing U.S. firms to expand it's export markets. It would provide a way of providing US industries a way to produce some goods cheaper off shore in other North American countries. Those manufacturing jobs transferred from the U.S. to (for instance)Mexico would create a "safety valve" of sorts against illegal immigration and serve to enhance the standards of living in the "hispanic" countries.

 

Unfortunately (and predictably) it didn't happend. Asian firms began setting up shops in Mexico and Central America so that they could produce goods cheaper and U.S. importers would not have to pay any import taxes to the U.S. NAFTA probably helped countries outside of NAFTA as much as it did the signatories.

 

NAFTA has done tremendous harm to the U.S. job market IMO. All of these idiots we have in D.C. keep wringing their hands about job creation. You want to create jobs? Easiest and least costly way is to refute NAFTA and much of the WTO rules. You would think that the Demoncrats who (hopefully are only temporarily in control) would understand this and do the correct thing for their constituents. The only reason I can think of as to why they have not done that is that they are getting too much money from special interests to rock the boat.

 

Anyway, a far cry from the subject matter which our libtard friends here have yet to refute with any substantive facts. They are only able to try to kill the messenger. But the message is still quite compelling to anybody other than a libtard.

 

HH

[shygye]

It has been refuted, but you are too busy name calling to even understand!

 

1) They did not explain why the economy EXPANDED when the Clinton econ plan raised taxes on the rich. Their "theory" predicted a contraction.

 

2) They did not account for the reduced government debt financing on increasing funds available for private sector investment.