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View Diary: Almost Nobody Will Have Enough Money To Retire (63 comments)

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  •  That tax deal was a serious mistake. (10+ / 0-)

    Obama should have just let the rates go up on everybody.

    Then everybody would have seen the sky wasn't going to fall and, actually, the country would be better off.

    •  Of course (2+ / 0-)
      Recommended by:
      TracieLynn, Bush Bites

      But "what is good" is always contrasted with "what is easy" in this economy.

      If Congress decided to allow all all the tax cuts to expire, consumption GDP may have fallen, perhaps drastically, as that money comes directly out of disposable income.

      Now, I think that would be a good thing, since I think the structural bias toward consumption activities in our economy is a huge problem. But it may have felt like a major economic blow in early 2011.

      "Pain now for gain later" is usually an election loser.

      (-5.50,-6.67): Left Libertarian
      Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

      by Sparhawk on Sun Jan 23, 2011 at 04:41:44 PM PST

      [ Parent ]

      •  Guess we'll have to disagree on that. (0+ / 0-)

        I tend to think disposable income isn't being spent anyway, or to much of a degree, so it wouldn't matter much.

        Could be wrong.

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