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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
TLT 119.14+2.2%12:06 PM EDT

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To: Fiscally Conservative who wrote (43041)1/2/2013 3:51:56 PM
From: robert b furman   of 174614
 
They were only cuts for about 12 hours.

Once Bush's cuts expired - they become cuts.

Playing with words are not they.

Bloomberg indicated the 4.6 percent tax increase (from 35% to 39.6%) on those couples who make over $450,000 and singles who make over $400,00, would generate 650 billion .Last years very minor cuts in future expenditures will save 1.1 billion so we have a net of 1.75 billion in a world where 4 to 4.5 billion in expenditures are needed.

Wrangling over the debt ceiling and capping out unemplyment benefits to an individual,means testing Social Security, and upping the medicare age requirements could get us so close - that moderate growth ie energy and housing would get us into a non deficit position.

It is a big picture optimistic view to be sure - but it sounds nice.LOL

Bob
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