http://www.reuters.com/article/businessNews/idUSTRE54666X20090507?feedType=RSS&feedName=businessNews Over $30 Trillion leaves....est 40/70 Govt. not only wants govt=70/70.... But even more as well.... ....................................................................... The prices in the non-govt. economy have to adjust to 40/70.... ....................................................................... So what's this 70/70+....the govt....wants....? ....................................................................... The point..... Govt. needs to go 40/70 at the min.... Even more.... The end..... ........................................................................ PS....Structural tax changes required..... The progressive take ....in "freefall"....
Everything is fine. It's a mental recession. The government will just keep borrowing and spending as company after company slashes employees, and the consumer buys the necessities only. Kudlow, Bernanke, Cramer & stock_trd3r have devised an economic recovery plan that is killer. Job creation and wages don't matter in this brave new world.
The next "telling" phase is going to be how well treasury auctions are received.... Seems like "the writing is on the wall".... Maybe....then maybe not.... ........................................................... Next question.... Why get dependent on "maybes"....? ........................................................ And what is this $17/12000 reduction all about....? Trying to be seen as politically correct ?
http://www.bloomberg.com/apps/news?pid=20601087&sid=a6i7E1nkb4xw&refer=home Not 40/70.....still wants 69.9/70.... Not going to work.... Downsizing and tax restructuring are going to happen.... Simply because ....it has to happen....