In response to:

It's the Spending, Stupid!

MadisonWannabe Wrote: Dec 19, 2012 8:36 AM
Another reason that money just sits there is that if you borrow to invest in a product or company that fails, you lose that money. If it is successful you are denounced as greedy and the money taxed away anyhow. What is the incentive? Money sits in your safely in your own pocket until things stabilize and it is worth taking a chance.
bearcub Wrote: Dec 31, 2012 4:07 AM
the problem for last 10-20 years is that profits from investing in financial products far better than return on inv in MAKING anything - i.e. non financial products - when the top 1-2 % place their money in financial markets this does not lead to job growth or growth to econ, it DOES lead to unprecedented corp profits - the profit rates of corp has been at all time high - that doesn't occur by putting money under mattress I promise you sir.
bearcub Wrote: Dec 31, 2012 4:04 AM
not true - look at where money is placed. NOBODY - I promise you no corp at all - not a single one - sits on their money. you do not understand how capitalism works - if you sit on your money for even a day or an hour you are doomed - ALL MONEY is doing work by itself - it is ALL invested all the time - you need to learn about financial sector!!!!!!
Listening to progressive media pundits, I'd think the most evil man in the universe is Grover Norquist, head of Americans for Tax Reform. His crime? He heads a movement that asks political candidates to pledge not to raise taxes.

I think Grover accomplished a lot. But I wish he'd convinced politicians to pledge not to increase spending.

President Obama says raising taxes to cut the deficit is a "balanced" approach.

Balanced ...

But what's "balanced" about raising taxes after vast increases in spending? Trillions for war, Medicare, "stimulus" and solar panels. Tax receipts rose -- after tax-rate cuts -- from $1.9...