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2012-07-17 Europe

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Posted by Steve White 2012-07-17 07:26|| || Front Page|| [2 views ] Top

#1 Best to cut really hard and cut once.

i.e. call up the local heavies, then make the cuts. Then any obvious over-cuts you can recover from.

Of course the one cut that really needs to be made is the amount of bureaucratic direction in the economy, thus smaller state, less taxes on income (tax things the government creates instead, like patents, property rights and copyrights).

Posted by Bright Pebbles 2012-07-17 08:28|| 2012-07-17 08:28|| Front Page Top

#2 "best to cut hard and cut once" Perhaps, because years of a thousand cuts demoralizes for years ----- but what if the USA did that? (other than playing brinkmanship with debt extensions I mean). Not so sure.

Lessons learned from the land of the once called Northern Peso. We cut the crap out of every program with no sacred cows, treaked taxes higher for everyone --and taxed almost everyone for at least something, and reset priorities on sustained economic development) Did it for years and until the great 08 derivitive crash) were running in the black for 6 years - and will be again in about 2 years. We were lucky - because we bit the green weiner when the rest of the world was not in a resession and had resources to export. In short, strategically, everyone has to pull on the rope and pay the piper to some degree. Dont really hear either party saying that in the USA - just mudslinging divisionist behavior perpetuated by the media. From the outside its concerning. Perhaps Mittens has the business hutzpa to put it together. We can hope - for your sneezes are our colds.

Posted by Northern Cousin 2012-07-17 13:28|| 2012-07-17 13:28|| Front Page Top

#3 Governor Romney will do some of what needs to be done, instead of making it logarithmically worse as the current denison of the White House would do, Northern Cousin. Beyond that, we will have to see.

Posted by trailing wife 2012-07-17 21:35|| 2012-07-17 21:35|| Front Page Top

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