How Low Can It Go?

[Slingin Sammy 33]

Originally Posted by saden1

Seriously, that's the best you guys got? The rich "create jobs" and "make people less rich?" I guess returning the capital gains tax to the same level as Reagan and restoring the tax bracket to the same state as Clinton is a bad idea. If the economy recovers in two years will you be for these tax hikes?

Right now it's definitely a bad idea. I've got no problem to return the tax code to the 1986 Tax Reform Act once the economy is stabilized and the markets rebound. I think President Obama should look back at Reagan's strategies and policies and how he pulled us out of the Carter debacle in the 70s. If he wants to be successful, he must buck his party line and be fiscally conservative. If he wants to be socially liberal, I couldn't care less, we must put the country back on solid financial ground not more than double the national debt in ten years.

I am not ignoring your point SS33, I see your hand and I believe it's being played two years too soon. Your take is wanting and your cards leave much to be desired my friend, it's time to fold and watch the game.

I pray you're right, but historical evidence shows my cards to be a bit stronger than you believe. I know we are polar opposites politically, however I can't see how you can support budget projections from the Obama administration that will double the national debt. How, four or eight years from now, will this have a positive outcome? I can't see it.