Political Ramblings

[rufus]

If the Democrats keep inflating the currency, common working folks will find themselves pushed up to that $250,000 limit. Then, we all will suffer.

 

[thaiturkey]

I see the French court has rejected the seventy five per cent income tax. Let's see what happens next.

Yes, it will be interesting to see whether the government of the day let's it pass or tries again.

Whilst eyes are on Greece and Spain, many are overlooking the deep doo doo that France is in. The struggle by many governments to deal with their debt commitments in the wake of the world recession is compounded by the constraints suffered by the Eurozone States in the Union. A single currency for such a group of disparate economies and cultures was crazy from the start. Another problem for France is that the UK, not a Eurozone State, is suggesting that, as individual EU States are having to reduce spending, the EU budget should also be cut. That would be a blow for France whose farmers live off subsidies funded by other EU States. The UK and probably other States want, naturally, to keep their own money for their own purposes. In particular, the UK is keen to be able to fund capital projects rather than merely cut spending.

Germany, the mighty economy of the EU, is also likely to have problems this year. Merkel, the Chancellor, having used German taxpayers money to bully Greece, now finds that she has over-committed her country. A few months ago, she was calling for control of individual Eurozone State's' budgets by non-elected bureaucrats, suggesting that failure to do that may bring about another war in Europe. Her stupid statement appalled even her own countrymen who have been proudly boasting that Germany is doing economically what it failed to do in two wars. That is, take over the whole of Europe.

It's going to be another interesting year on the Continent of Europe!

 

[Matthew3590]

Well last night gas was 2.89 now it's 3.05 little bit of a jump there.

 

[rufus]

Well last night gas was 2.89 now it's 3.05 little bit of a jump there.

Let us remember this price, and four years later we will check it again.

 

[kstaven]

Doesn't matter who is in power. The price of fuel will keep going up.

 

[Matthew3590]

Does the price jump have anything to do with the fiscal cliff?

 

[hemet dennis]

Doesn't matter who is in power. The price of fuel will keep going up.

Because we found and used all the cheap oil. It gets harder and more expensive to get more oil everyday.

 

[chickened]

The greenies have also forced all the oil exploration into areas where it is more costly to extract it.

 

[hemet dennis]

So now you're going to hear for the next 2 months about the debt ceiling and the "sequestration". Anyone want to bet it comes down to the last minute ?

 

[Q9]

If the Democrats keep inflating the currency, common working folks will find themselves pushed up to that $250,000 limit. Then, we all will suffer.

It is not just the Democrats, that I can tell you. The Federal Reserve has bipartisan support.