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I think you will generally find in Europe..... Overpriced consumption items (food, soft drinks, gasoline, electronics) Underpriced major services such as healthcare and higher education (one way another you pay for these though) Overpriced taxes (although the Dems in the US would love...

What capitalism seems to forget, is that if you don't throw off enough scraps to the proletariats, eventually they will chop your head off.

This is exactly right. Voters always claim they "hate congress", but they continually love THEIR congressman and show it by re-electing them at a very high rate. They claim they hate career politicians, yet elect career politicos 98% of the time. They claim they want straight talk, but...

That would be fitting. Actually a Greek satellite crashing into Brussels would be more accurate.

That's not too far off. There are several more reasons to the ones that you mentioned, but those play a significant role.

The Euro was doomed the second they allowed Greece in.

Agreed. Federal and State tax policy are two completely separate entities.

I'm not sure how a federal tax system could eliminate and compensate for various state taxes. I'm guessing that he is talking strictly Federal, and whatever state taxes (income, sales and otherwise) would be up to the various states.

Big deal. When the Dow soars to 25,000, because of tax reform, they will be more than happy.

This will not end well for the One. When you've added as much national debt as he has, while overseeing 9.1% unemployment, you don't have much room for scandals.

Portfolio modeling discussion? Most of these guys are scalping for ticks. You might try bogleheads or morningstar for such a discussion.

That's actually a great analogy.

Buffett is now a lender of last resort like the FED. And he will get certain guarantees that tilt any deal in his favor.

Obviously you're not that bright. We borrow 40 cents for every dollar spent. So we would have to raise tax revenues by 66%.........just to not grow the deficit (still wouldn't reduce it). What do you think that would do to consumption???

I think it's human nature. People try to kick the can down the road a little further. This road is nearing its end.

A dead give-away for fakes is the use of the phrase "The smart money is doing this........". Newbies are always talking about "the smart money". Smart money assumes a couple of things that simply aren't true: 1. All funds and institutions know in advance what the market is going to do 2...

I voted for Cain. My preference would be in this order: 1. Cain 2. Gary Johnson 3. Paul 4. Romney 5. Gingrich 6. Bachmann 7. Perry Many of those are unelectable in all likelihood. I think Romney wins the nomination and the election. I can live with that.

I'm not really sure what to say about that...........

Your username is very applicable. I think you are destined to be a failure at anything that you apply yourself to.

There is way more blame to go around than just the Boomers. They may be the poster child for this type of attitude, but almost everyone participated. The fact is, everyone wanted free stuff from the government, but didn't want their taxes raised to pay for it. Lyndon Johnson and FDR are...