Doesnt this chart show you what a fucking train wreck the fed/keynesian economics has been? Rates have went nowhere but down for the last 20 years, and the fed has decimated the dollar in the process, continuing to make the bubble bigger and bigger, and never accepting the fact that we need asset prices to deflate, at the same time, our standard of living has gotten worse and worse and worse. Where do you think rates go next? We cant go past zero, until the government actually starts paying us money to shovel all that useless dog shit paper out of the vault. Rates have nowhere to go but up at this point, and asset prices have nowhere to go but down, the fed has no ammo left, except to keep rates at zero, which the market has already adjusted for.
Republican leadership is pathetic. Boehner says that the debt ceiling is the "Presidents problem." I don't think it was Obama alone who cut taxes, started 2 wars, expanded Medicare and bailed out Wall Street banks. Republicans are complicit - they just don't want to pay a bill that has already been presented.
Ummm... Democrats had complete control of all three branches of government for 2-1/2 years. They could have done anything they wanted in terms of individual and corporate tax rates, loopholes, credits, and spending. Anything. Dems never submitted a budget during that timeframe. We still have not been favored with any plans from the President.
Allan Greenspan, first appointed Federal Reserve chairman by Republican President Ronald Reagan in August 1987..........
Politicians are pathetic. Every one of them, narcissistic whores. Dems, Repubs, Indies, Commies. Universal Sluts.
That would be fine IF they weren't dragging everybody else over the cliff with them! I think this is a reflection of what Congress/Senate think of themselves. They make it so they don't have to follow the laws like every other avg Joe. They control their own pay increases. They set themselves ABOVE every one else as The Ruling Class. They, themselves, of course are not really the ruling class because they have to get money for their campaigns to get elected. Then they are captured poodles. But to do what they do in screwing everyone below them, it requires that they be above at least avg Joe. This is why neither side is satisfied - because collectively they sell out everyone else except the ones who pay for them.
No, you do. The "rich" have been paying an increasingly larger share of federal income taxes to the point where almost half of Americans paid none last year. The "fair share" canard is total horseshit and what we really don't need is to make the parasite class even larger.