A couple items here: 1) Funny that he mentions Bill Gross of Pimco; he just divested the federal bonds, which must have been a metric @$$load. I'm not sure if I'm ready to buy PTTRX again, though. 2) There's no way he's paying 50% taxes. The highest tax bracket is 35%, and in practice, it should be somewhat less than that (because of exemptions or itemization, and the fact that the first $372,951 one makes is taxed at lower rates). So that ain't so, or he needs to srsly fire his accountant. 3) His website seems a bit loopy, which makes me take things with a small grain of salt, but he's right that it's a mess. 4) The only way out is raise taxes (unfortunately), perhaps letting the latest tax cut expire. I wouldn't be overjoyed, but something has to stop the bleeding. We would also do well to cut out a lot of the graft and waste in the budget. In fact, the very first step is going to have to be balancing the budget. We would also need to raise the retirement age to keep in line with increased lifespan. That sucks, but is going to be a necessary evil. The other option is welching on the T-bills, which has never happened before. If we get in a war with China, we can wipe a huge chunk of that off the balance sheet, but a) I surely wouldn't welcome that, because of the loss of life, and b) our Commander in Chief would probably forget to seize the assets. 5) I couldn't find the next video he was talking about (though I did find to my displeasure that Youtube now requires a Google account to get to your own channel). Do you have the linky linky for the promised sequel? If it's spam for a book we have to buy, then I'm gonna be disappointed.
Someone whose emails I don't answer any more sent me that link. The reason I don't respond to his emails is that in general, as my literary partner put it, he has his head so far up his butt that he can almost see daylight, but not quite, and the things he sends vary between truly vicious conspiracy theories and utter silliness. This one fell somewhere in between, but I didn't have the information to critique it properly. I'm glad you did. You made better suggestions than the guy in the video did, because of which I'm glad I posted this. Thank you. :-)
I can't really respond in detail -- I hurt all over, thanks to what I learned today is probably gout. They're still doing tests to find out just what's causing it. I thought it might be a response to the prednisone I've been taking, but it's probably not that. Anyway, my back, shins, shoulders, upper arms, hip joints, and feet hurt like hell, so I'm going to go have a lie-down for a while. Hope all is well for you, though. :-)
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1) Funny that he mentions Bill Gross of Pimco; he just divested the federal bonds, which must have been a metric @$$load. I'm not sure if I'm ready to buy PTTRX again, though.
2) There's no way he's paying 50% taxes. The highest tax bracket is 35%, and in practice, it should be somewhat less than that (because of exemptions or itemization, and the fact that the first $372,951 one makes is taxed at lower rates). So that ain't so, or he needs to srsly fire his accountant.
3) His website seems a bit loopy, which makes me take things with a small grain of salt, but he's right that it's a mess.
4) The only way out is raise taxes (unfortunately), perhaps letting the latest tax cut expire. I wouldn't be overjoyed, but something has to stop the bleeding. We would also do well to cut out a lot of the graft and waste in the budget. In fact, the very first step is going to have to be balancing the budget. We would also need to raise the retirement age to keep in line with increased lifespan. That sucks, but is going to be a necessary evil. The other option is welching on the T-bills, which has never happened before. If we get in a war with China, we can wipe a huge chunk of that off the balance sheet, but a) I surely wouldn't welcome that, because of the loss of life, and b) our Commander in Chief would probably forget to seize the assets.
5) I couldn't find the next video he was talking about (though I did find to my displeasure that Youtube now requires a Google account to get to your own channel). Do you have the linky linky for the promised sequel? If it's spam for a book we have to buy, then I'm gonna be disappointed.
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I can't really respond in detail -- I hurt all over, thanks to what I learned today is probably gout. They're still doing tests to find out just what's causing it. I thought it might be a response to the prednisone I've been taking, but it's probably not that. Anyway, my back, shins, shoulders, upper arms, hip joints, and feet hurt like hell, so I'm going to go have a lie-down for a while. Hope all is well for you, though. :-)
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