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What Caused the Financial Meltdown?
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<blockquote data-quote="wkmac" data-source="post: 401846" data-attributes="member: 2189"><p>I don't like it at all on many fronts and there's no guarantee all this will even work. Just have to see what rolls out from the weekend meetings but I honestly think at best you pass the problem downhill to our kids and we're likely to see more inflation with the inflate of money supply.</p><p> </p><p>I even saw yesterday on the CNBC ticker that the European banks like the US are dumping new money onto the economic markets. Now will come the worse tax increase of all and this is the inflation increase and this effects everyone. </p><p> </p><p>For my kids, I'd rather face that burden now instead of them facing it later when I might not be there to help but looks like the democrats and republicans are out to save themselves and let the next generations figure that out. Cowards! </p><p> </p><p>I don't see at this point going forward how we avoid some tax increase and one we don't like. I'm completely and absolutely opposed to all forms of complusary taxation on any level for any reason but whatever comes out this weekend I'm expecting something along those lines because gov't on bothsides have refused to make cuts and sacrifices to insure fiscal responsibility.</p><p> </p><p>Lifer asked who's at fault. Hell folks, be honest, we all are and that's another reason both sides corked the party election lipservice as they got handed the truth. They also realized how close they came to the balloon going up and the people waking up to see them all for what they realy are and walking away in droves in 6 weeks. This ain't over yet but trust me when I say they are sacred as hell.</p><p> </p><p>Charles Schumer never, ever says that something "made me gulp when I saw where we were" to the point of playing nice with the republicans. Only something as big as 9/11 attacks would do that so do the math boys and girls. This thing is a monster!</p></blockquote><p></p>
[QUOTE="wkmac, post: 401846, member: 2189"] I don't like it at all on many fronts and there's no guarantee all this will even work. Just have to see what rolls out from the weekend meetings but I honestly think at best you pass the problem downhill to our kids and we're likely to see more inflation with the inflate of money supply. I even saw yesterday on the CNBC ticker that the European banks like the US are dumping new money onto the economic markets. Now will come the worse tax increase of all and this is the inflation increase and this effects everyone. For my kids, I'd rather face that burden now instead of them facing it later when I might not be there to help but looks like the democrats and republicans are out to save themselves and let the next generations figure that out. Cowards! I don't see at this point going forward how we avoid some tax increase and one we don't like. I'm completely and absolutely opposed to all forms of complusary taxation on any level for any reason but whatever comes out this weekend I'm expecting something along those lines because gov't on bothsides have refused to make cuts and sacrifices to insure fiscal responsibility. Lifer asked who's at fault. Hell folks, be honest, we all are and that's another reason both sides corked the party election lipservice as they got handed the truth. They also realized how close they came to the balloon going up and the people waking up to see them all for what they realy are and walking away in droves in 6 weeks. This ain't over yet but trust me when I say they are sacred as hell. Charles Schumer never, ever says that something "made me gulp when I saw where we were" to the point of playing nice with the republicans. Only something as big as 9/11 attacks would do that so do the math boys and girls. This thing is a monster! [/QUOTE]
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