Wednesday, December 15, 2010

Debt and Taxes; Ireland and America

Do any of the debt issues matter anymore?  We know the debt will never be paid in full like Eric B and Rakim.  Does it matter if Ireland takes the IMF loan if they can not make the cuts?  The necessary cuts to cut the deficits without raising interest rates would cripple the country, and this goes for all.  The only other way to do it is to increase taxes, and we see that ain't happening.

Everyone is saying a tax cut would be a good thing, but if there is to still be no capital gains tax, then what is stopping the big monie from dumping their equity in stock and government bonds and start buying, oh I don't know, gold?

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