“Right now the economy is being propped up by tax dollars.”
More right than you know. Our ecomony keeps on losing jobs and productivity, yet the stock market remains high. There is an election coming and the guys in charge will use any tactic to win legal or not.
The Bush tax cuts are going to expire in January effecting a tax increase. There are new taxes coming to pay for the federalizing of the medical industry and now they are openly talking about a VAT tax.
If the dims happen to retain power in November, there will nothing to hold them back in 2011. When the taxpayer pool shrinks to nothing, then what?
.......The Bush tax cuts are going to expire in January effecting a tax increase........
Business growth will not occur until the effects of the tax increases are resolved and digested. That will be at least third quarter of 2012.
The economy will be flat for a long time