Replies to post #124632 on Biotech Values

[oc631]

Cutting govt spending today makes zero economic sense. You cannot cut your way to prosperity. Jobs are the only thing that will get the economy growing again and they are a necessity to cutting the deficits.

The devil in the details is higher interest rates. If there wasn't trouble in the eurozone interest rates would be much higher and climbing. Basically this flight to safety in the treasury market won't last if we continue to spend and our credit rating continues its descent.

There is so much bureaucratic fat and waste in government that needs to be cut. Look at the post office. I know a guy that makes well over $100,000 a year working for the Navy. He reports to work for two hours in the morning and he's done with work by 10A.M. everyday. What we need is productivity not more wasteful spending.

The U.S. needs new infrastructure throughout the country]

I agree 100%. Bush decided it was more important to go to war with a defenseless country in the middle east instead of using the money and improve ours.

[vinmantoo]

10nisman,

Excellent post. Funny how the guys who keep saying "tax cuts" will cure everything don't seem to realize, or want to acknowledge, that a big part of the "stimulus" was tax cuts.

We need to raise taxes and use some of the money in infrastructure. Yes we also need to cut some spending, and can start with agricultural subsidies.