Prolonged, excessive deficits will lead to stagflation ... and that is by far worse than a mere recession.

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Retro ...

quote:

Originally posted by Arbiter Actually Bush has essentially raised our taxes. We can't sustain an indefinite budget deficiet - so sooner or later our taxes are going to have to be raised even higher than before to pay off all our debts, the interest on those debts, plus any of his new programs which are still in place.

Well hopefully we'll grow out of the deficits as economic activity picks up, but I have an awful feeling that whoever wins in November is going to have a stock market that's shitting the bed. I have a bad feeling it's about to get ugly.

Dang, Shakka's story was best I heard in a long while about taxes and made a lot of sense to this old redneck.
I'm just friggin' pissed off we're paying so much for gasoline. That drives everything up. WTF? Didn't we just secure Iraq or what? And I mean WTF for if the gasoline prices soar higher than when Saddam was in power?


[[[smoke]]]

You can always blame China!

Those commie bastards! Maybe I'll stop buying their tennis shoes! They never friggin' fit anyway...
Next time I see a chinaman when I'm pumping gas, I might just stick the hose up his ass while I'm at it!

Lol!
[[[smoke]]]