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Author: MadCapitalist Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 756657  
Subject: Re: Geithner Interview, Dems Willing to Compromi Date: 12/5/2012 5:20 PM
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I must say, i'm a little more heartened after listening to resident Krugman clone Steve Leisman interview Timothy Geithner. Geithner said the democrats are willing to close loopholes for high earners if the republicans are willing to raise tax rates back to Clinton era levels for high earners, you know when we had a pretty good economy, wink, and if republicans are willing to just let Obama raise the debt ceiling without approval, because we can't have our governments good faith and credit be taken hostage by a few republicans. So to MadCap, dems willing to let republicans raise revenues from high earners, if they let dems raise tax rates on high earners and let Obama raise the debt ceiling without congressional approval. I think this is a win-win game changer, i can almost see the wheels turning, which is a really good thing because Geithner said we will then free up resources to make investments in things which are essential to the US economy, like infrastructure and education.

We also need to make a greater investment in foodstamps and Social Security disability benefits if we want to win the future.
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