[CALM] Act; Phase in tax increases over three years...

[CALM] Act; Phase in tax increases over three years... 


 

By hook or by crook.



An over-indebted company can fix itself up by, inter-alia, demanding deep concessions from suppliers.
The US should demand 50% price cuts from OPEC. This would save 1/2 a trillion dollars a year-- 3x more than what Congress is trying to achieve now, by draconian domestic cuts.
How to do that?
By hook or by crook.
When Rome was bankrupt, it raped Gaul, and became flush.
Britain did this, too, in the early 1800's: When it was bankrupt, following the Napoleonic wars, it took over India (from the East India Company), robbed it successfully, and became flush in less than 10 years.
The US did it too, in Gulf War 1, in 1991-- ending the Junk Bond Recession, and launching a 10-year bull market (1991-2001). And again, in Gulf War 2, in 2003-- ending the Dot.Com recession, and launching a 5 year bull market (2003-2008)...
In other words,instead of the US-- and Europe-- cinching their own belts, they would force their opponents to cinch theirs-- as Empires have always done.
Note, please: This is not a prescriptive comment, but a descriptive one. It is not a recommendation, but an analysis of what must come.

Quotes of the day

"It's Freedom baby, yeah!!" Austin Powers
 
 "You can read the Constitution and understand it, but you can't read and understand hardly any of the legislation that's been passed." Ron Paul
 
 "No man's life, liberty, or property is safe while the legislature is in session." Mark Twain
 
 "I am increasingly persuaded that the Earth belongs exclusively to the living and that one generation has no more right to bind another to its laws and judgments than one independent nation has the right to command another." Thomas Jefferson
 
"All we are saying, is give Peace a chance." John Lennon
 
 "And forget not that the earth delights to feel your bare feet and the winds long to play with your hair." Khalil Gibran
 
When poverty walks through the door, love flies out the window. Are you gonna pull them pistols or whistle Dixie?
 
 "It is just as difficult and dangerous to try and free a people that wants to remain servile as it is to enslave a people that wants to remain free." Niccolo Machiavelli