Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Fiscally Conservative who wrote (43041)	1/2/2013 3:51:56 PM
From: robert b furman	Respond to of 202844

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

To: Fiscally Conservative who wrote (43041)	1/2/2013 3:53:18 PM
From: Brian Sullivan	Read Replies (1) \| Respond to of 202844

Curious to know how Congress is going to pay for these 'permanent' Bush Tax Cuts. ? Can anyone quantify the estimated dollar value on the tax generated for those incomes above $450K ? These clowns must still believe in Santa. What could I be missing? Ben Bernanke is paying for everything, Obama is running the tab up and wants to keep running trillion dollar deficits forever. Congress is due to have a showdown on spending cuts in the first week of March. Tune in then to see what happens. So where do you put your money?? Equities (foreign or domestic), Gold, Real Estate or Bonds (corporate or government)