Quote:
Originally Posted by Guest
I am from California and you are misinformed. Tax revenue is not flat. They are definitely not flat in Wisconsin where there is $2B deficit ( Difficult state budget a 'self-inflicted wound' : Wsj) as a result of Walker's failed policy.
The stock market is performing well because of low inflation and prospering companies enjoying record profits as a percentage of sales (in excess of 13%). The Treasury debt is being bought by individuals and companies from all of world because they have tremendous faith in the USA. I believe you have a misunderstanding of how government bonds are sold. |
Our dear Democrat governor Brown threatened the uninformed liberal masses in California with cuts to police, fire, and schools if they failed to raise taxes on "the wealthy". So the many have voted to take from the few once again. Do you recall this?
Are you saying the Democrat gov Brown was lying and the tax increases were not necessary as sufficient tax revenue existed?
If a single entity purchases $1 TRILLION in bonds, what effect do you think that has on price/yield in the bond market?