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The Euro death watch
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<blockquote data-quote="Just_another_day_at_work" data-source="post: 978587" data-attributes="member: 23074"><p>The Tea party failed and any party would, because of the system. The government would shut down if we don't have a debt limit hike every time it needed. All it is a show back and forth between reps and dems, then later after <span style="color: #ff0000">long negotiations and struggle</span> whoa la debt limit hike voted by both parties. Deficits don't matter. If the government does some serious cuts the economy will sink(deflationary), so the solution inflate, hike whatever it takes not to cut.</p><p>My take on Bush tax cut: since 2001 the median wages didn't go up any higher in real value if you take what you could by with it (that cannot be counterfeited like "money" <img src="/community/styles/default/xenforo/smilies/biggrin.png" class="smilie" loading="lazy" alt=":D" title="Big Grin :D" data-shortname=":D" />) oil, gold and other commodities. If you add up inflation it's around 30 % since 2001 till now. here is one link for calculator</p><p><a href="http://146.142.4.24/cgi-bin/cpicalc.pl?cost1=50000&year1=2001&year2=2012" target="_blank">CPI Inflation Calculator</a></p><p> Most wages didn't go up that much, but my tax rate did, suddenly found myself in the higher tax bracket. In real value I make less and taxed more, it's the stealth mode that nobody talks about: inflationary taxing. So basically it already offsets the Bush tax cuts if not make it even higher taxing then before him.</p></blockquote><p></p>
[QUOTE="Just_another_day_at_work, post: 978587, member: 23074"] The Tea party failed and any party would, because of the system. The government would shut down if we don't have a debt limit hike every time it needed. All it is a show back and forth between reps and dems, then later after [COLOR=#ff0000]long negotiations and struggle[/COLOR] whoa la debt limit hike voted by both parties. Deficits don't matter. If the government does some serious cuts the economy will sink(deflationary), so the solution inflate, hike whatever it takes not to cut. My take on Bush tax cut: since 2001 the median wages didn't go up any higher in real value if you take what you could by with it (that cannot be counterfeited like "money" :D) oil, gold and other commodities. If you add up inflation it's around 30 % since 2001 till now. here is one link for calculator [URL="http://146.142.4.24/cgi-bin/cpicalc.pl?cost1=50000&year1=2001&year2=2012"]CPI Inflation Calculator[/URL] Most wages didn't go up that much, but my tax rate did, suddenly found myself in the higher tax bracket. In real value I make less and taxed more, it's the stealth mode that nobody talks about: inflationary taxing. So basically it already offsets the Bush tax cuts if not make it even higher taxing then before him. [/QUOTE]
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