Quote:
Originally Posted by sterlingice
It's almost as if this is all funny money propped up by spending from the Fed.
SI
|
Fed has propped up and stabilized the economy before and doesn't invalidate the recovery (nor capitalism). I think we can all agree, very similar to 2007-2008, that we need to spend money to reduce chances of it getting much worse. Thinking back to 2007-2008, I remember reading about fear of entire system collapsing and severity of Mar-Apr was probably a "tad" lower but, for all practical purposes, equivalent with the "unknowns" back then.
My biggest beef is the add to the debt. Not a Dem or Rep issue, they both have fault. You can say 70-30 to 30-70, regardless, its a big and shared fault over many decades.
The conundrum is the balance of revenue/tax receipts and spending. Both needs to be addressed. I would love to see a comprehensive & bipartianship plan to address this but probably won't happen in my lifetime.
I've got pre-tax and ROTH 401k/IRAs. I've been telling the kids to go ROTH because I don't see how taxes won't increase.