Replies to post #761072 on Fannie Mae-No Politics (FNMA)

[Donotunderstand]

The downgrade is a function of the disorder and dysfunction of congress

Fighting over an artificial debt limit - that only deals with PAST already incurred obligations - should frighten the buying market

Yellen's words today are not even a footnote

Everyone knows -- I mean everyone - that the US economy and thus its GOV -- produces enough wealth to handle current deficit and debt.

Time to eliminate the artificial goal line and focus on what we spend our tax money on and what we do not --- and taxing the top say 2% - at a level that reflects how much higher their earnings or unearned income is and why we need to have say a 50% bracket on say over 600K a year of family income (recall it was way higher and 70% would be the zone pre RR on this type income) AND IT NEVER HURT THE ECONOMY (GDP growth was huge during the highest federal income tax rates - a correlation not a cause but evidence that 1-2-3 % paying more did not retard growth at all