In response to:

The Economy in 2015 Might Shock You

DavidM Wrote: Nov 19, 2012 8:52 AM
"Yet a move to raise taxes and shrink spending does the opposite. It sucks money out of the economy. " This is pure folly. Govt spending SUPPRESSES the private sector, which is the only part of the economy which actually produces wealth. At no time has government spending been cut and the private sector has been diminished. Keynesian ism is a cancer we just can't seem to cut out.

In the summer of 2015, either one or both political parties will begin the search for their next presidential. By that time, the whole tenor of political positions will have sharply changed.

At least, we can only hope so.

That's because our economy is unlikely to handle three more years of gridlock, which keeps us stuck in a phase of higher government spending and shrinking revenue. Any day now, the ever-rising mountain of debt will need to be addressed. In the face of inaction, the bond market will have spoken by 2015 anyway, as "bond vigilantes" force...
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