Comments on: Day-Time Tripping Over Triple A

By: Jim

Jim — Wed, 10 Aug 2011 21:31:06 +0000

BHO got the tax cut wrong as well; one cuts employer taxes. Cutting employee taxes provides virtually no help at all.

By: Ross Pazzol

Ross Pazzol — Wed, 10 Aug 2011 17:26:09 +0000

S&P just downgraded what our politicans have already degraded: the financial integrity of the U.S.

By: Michael Marks

Michael Marks — Tue, 09 Aug 2011 20:28:10 +0000

@Myron – loved the getting younger and younger everyday analogy. Ah yes if I only felt as young as my retirement accounts…

By: Robert Glisson

Robert Glisson — Tue, 09 Aug 2011 18:14:48 +0000

It’s not amusing to watch all the blame being thrown at everything; BUT, the debt. My understanding from before the debt ceiling hearings, S&P, Moodys and other financial evaluating offices were saying that if the US doesn’t face its debt, it would be downgraded. Only S&P, and that was after a small Chinese ratings company led the way, did. The interesting thing is that Obama’s bill called “Cap and Trade” another massive tax measure, is getting set to be implemented or has already started. That is sure to destroy or move to China another ten percent of the US Industry. A+, here we come.

By: Dennis

Dennis — Tue, 09 Aug 2011 12:52:53 +0000

Please get out of my way! I’m going to the games store and buy all of the Monopoly sets and extra packets of Monopoly Money. Think about it…it’s as valid a fiat currency as the US.Dollar and I don’t pay interest on the loans!!!

ps: Why don’t we hear more about Gary Johnson, ex-Governor of New Mexico and libertarian stalwart?

[Better still, Ron Paul.]

By: CompassionateFascist

CompassionateFascist — Tue, 09 Aug 2011 04:11:09 +0000

Zero could have given the “market” (read: TBTF banks HFT cptr programs)a brief 100 point uptick by saying two words: “I resign”. Then, tho, a look at the next 20 in line for Prez, and down it goes again…Right now, Asian Mkts tanking again, which will flash right back into ours on 8/9. This globalization thing is one bad idea.

By: Myron - SCROOGE - Pauli

Myron - SCROOGE - Pauli — Mon, 08 Aug 2011 23:05:48 +0000

Dear Congress: Thank you so so so much for that payroll tax that probably saved me 18 cents. My investments dropped $ 37,690 today not counting some of my 401’s and IRA’s that are harder to track. Yes, thanks to you, I am getting younger every day because the day I can safely retire receeds faster than I am aging! With your help, I might become a fetus again! Fortunately, I do not have all my money in stocks since I have Treasury Bills that do not even keep up with the inflation that you print. Love, Myron!

By: Myron - SCROOGE - Pauli

Myron - SCROOGE - Pauli — Mon, 08 Aug 2011 22:46:47 +0000

Let’s see – the Social Security system is running a deficit and is insolvent and there is a Baby Boom wave retiring soon so we CUT THE PAYROLL TAX! Huh??? No wonder the debt gets downgraded. I’m surprised it didn’t get rated DDD -.

Now, you might cut SS payments to the wealthy or take away the “Over 65 Extra Tax Deduction” – but NOOOOO that hits the “Third Rail” – e.g. the Bamboozled Public might actually be led to think that the deficit means either raising taxes or cutting spending – duhhhhhhhh!!

Now, if hot air could balance the budget, we would be all set. Romney, for example, has a plan:

http://www.mittromney.com/issues/fiscal-responsibility

which could keep 1000 blimps afloat for months.

Alternatively, we can keep sending “counterfeit” fiat money to the Taliban:

http://www.washingtonpost.com/world/national-security/us-trucking-funds-reach-taliban-military-led-investigation-concludes/2011/07/22/gIQAmMDUXI_story.html

to maim and kill our own troops!!!

So how much did the average investor lose today in the market? Probably more than some dopey tax “increase” or “loophole closure”! And how much has the interest payments on the debt increased due to the downgrading? Probably a lot more than the so-called “Draconian Cuts” that Congress promised to enact on the condition that they don’t get blamed for enacting them! PATHETIC!

By: james huggins

james huggins — Mon, 08 Aug 2011 22:18:27 +0000

“Ass with ears?” Mercer, as usual you are too kind. When you toughen up a little I’ll bet you are going to be hell on wheels. As far as Obama and taxes is concerned, he has never made any bones about the fact he wants to raise taxes. Never cut spending. How else can the Democrat party grow government into a giant, pulsating, carnivorous, all controlling mass unless they get control of all our resources and our way of life. Control our money, our health care, our housing, our very attitudes and opinions and they have us by the shorts. Of course, since the average Democrat voter is not exactly a deep thinker they believe high taxes are a good thing because most of them don’t pay taxes anyway. That’s why the Democrats don’t care if they break the economy or ruin the country’s credit rating as long as they run the show and we all are living in grey tenements and taking mass transit everywhere. Soviet Union and Eastern Europe anyone? That’s where we are headed. And all the Republicans seem to care about is keeping their memberships in the country club in Washington.