http://www.investmentpostcards.com/2010/07/01/ferguson-roubini-vs-krugman-slowdown-or-depression-for-the-u-s/ Prieur du Plessis’s international investment blog Sun, 29 Jan 2012 22:06:48 +0000 hourly 1 http://wordpress.org/?v=3.1.1 http://www.investmentpostcards.com/2010/07/01/ferguson-roubini-vs-krugman-slowdown-or-depression-for-the-u-s/comment-page-1/#comment-33931 D'pressed Mon, 12 Jul 2010 22:29:05 +0000 http://www.investmentpostcards.com/?p=21009#comment-33931 Fake stimulus recovery = severe economic Depression. Fake stimulus recovery = severe economic Depression.

]]> http://www.investmentpostcards.com/2010/07/01/ferguson-roubini-vs-krugman-slowdown-or-depression-for-the-u-s/comment-page-1/#comment-33758 Justin Thu, 01 Jul 2010 12:26:07 +0000 http://www.investmentpostcards.com/?p=21009#comment-33758 Wishful thinking? To suggest that we are going to be able to produce enough revenue through a VAT tax, while 22% unemployment is the norm. What happens when the unemployment checks really stop coming? Won't those keeping the credit card companies, and mortgage companies at bay have to default? Not to mention those that run out of time, squatting in their own homes, and end up getting kicked to the curb and have to start paying rent? Raising taxes on top of already high taxes at this time seems like a bad idea. Wishful thinking? To suggest that we are going to be able to produce enough revenue through a VAT tax, while 22% unemployment is the norm. What happens when the unemployment checks really stop coming? Won’t those keeping the credit card companies, and mortgage companies at bay have to default? Not to mention those that run out of time, squatting in their own homes, and end up getting kicked to the curb and have to start paying rent? Raising taxes on top of already high taxes at this time seems like a bad idea.

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