On Fri, 23 Apr 2010 20:17:14 -0600, Canuck57
wrote:

On 23/04/2010 6:28 PM, bpuharic wrote:
On Fri, 23 Apr 2010 17:12:51 -0700, "Bill McKee"
wrote:




what did they do? well...in the last 10 years, the richest 1% have
seen their incomes triple.

They are forecasting trillion dollar deficits for the
next 10 years/ How is this all Bush II's fault?

yeah it is. we have to spend what's needed to get out of the free
market hole we've dug ourselves into.


How about cutting spending
to GM.

peanuts

Actually, I agree. GM is peanuts really. What is $200 billion in
defunct debt and bailouts to $14.5 trillion anyways?

At some point government is going to have to downsize to at least 1/2 of
what it is today, maybe less. Even if they pull off hyper-stagflation,
without the middle class incomes following or exceeding the inflation,
recovery of the debt spiral is not possible. In fact, it will get worse
as governemnt costs go up but the revenue does not. Real bad situation
to be in.

gee. we managed it in ww2. your complaint is that the middle class
isnt suffering enough. you're happy with the fact the rich are rich.
you just h ate the middle class