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Varchild2008 (85.20)

America's Economic Collapse: 24 Hours Away!

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June 25, 2009 – Comments (9)

Now we are just 24 Hours Away from America's Economic Collapse....

So I found it amusing that Consumer Discretionary (for the most part) got bid up like crazy...along with retail....  We are 24 hours from CAP and TAX........A Tax that the Wall Street Journal correctly asserts is America's Largest Tax Increase.... And we are going to have to deal with it in the middle of a recession that has multiple states unable to balance their budget....

Many States face a crisis that may result in issuing IOUs to pay for bills... Or shutting down Government Agencies.... Cops and Firefighters are at risk!  Cause politicians love to cut them first.

Tick...Tick...Tick...Tick...

9 Comments – Post Your Own

#1) On June 25, 2009 at 6:34 PM, JTShideler (80.13) wrote:

I am hopeful that the bill will be defeated in the Senate even if it is passed by the House.  Call your congressman!  Don't let America's economy go down without a fight!

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#2) On June 25, 2009 at 6:41 PM, NOTvuffett (< 20) wrote:

I am ready for my new good paying green energy job, we were promised millions of them.  I got my rag and my bottle of Windex, I will be a 'solar panel efficiency technician', lol.

 

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#3) On June 25, 2009 at 6:42 PM, Varchild2008 (85.20) wrote:

I bought some thick gloves in order to become the "Wind Mill Blade Spinner Guy."

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#4) On June 25, 2009 at 6:43 PM, Varchild2008 (85.20) wrote:

*Clarification*  Someone's gotta spin the Windmill Blades during times and days in which there is little to no Wind.

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#5) On June 25, 2009 at 6:48 PM, XMFSinchiruna (27.75) wrote:

I'll be delving into the legislation this evening ... I'll get back to you. :)

C

 

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#6) On June 25, 2009 at 7:44 PM, rofgile (99.30) wrote:

Varchild,

  You can sleep on my couch if the USA collapses.  Let me know if it does anytime soon.  No Rush Limbaugh allowed though.

 -Rof 

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#7) On June 25, 2009 at 7:56 PM, NOTvuffett (< 20) wrote:

hey rof, can i crash at your place too? rush is a big idiot.  i will bring beers, lol.

 

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#8) On June 25, 2009 at 8:12 PM, rofgile (99.30) wrote:

Sure, NOTvuffett, why not!

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#9) On June 25, 2009 at 8:39 PM, sailrmac (76.57) wrote:

Pollution is a classic Pareto abnormality.  The cost of gas, coal and other pollution producing fuels is not fully reflected in the price because nothing is paid for the right to pollute.  The negative costs of pollution to all the others who have to suffer it's effects is not built into the price.  A carbon offset or cap and trade system scheme is an attempt to include this cost.  A cap and trade system is a better way than most to raise funds.  Certainly better than increasing payroll and income taxes.

It raises funds for the government, encourages alternative non-carbon producing energy sources and conservation.

It would be better if the funds raised were offset by a comparable reduction in income tax, but that will never happen.  The reality is it might prevent income and capital gain taxes from increasing more than they are going to already.

If you don't like taxes then become libertarian and vote for a government that is smaller and doesn't try to solve everyone's problems.  Don't fight what is one of the best alternatives for raising funds and solving energy problems out there.

 

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