(((Jim Willie predicted QE3. I think what needs to happenis withdrawal from Afghanistan and Iraq, as well as mostforeign bases -- esp. those in Germany and Japan. Cut paymentsto defense companies and increase royalties on oil producedin the US. Raise taxes on the rich. Raise short term interestrates by 1/4% to wean everyone off of zero. And imposedefined contribution plan pensions on all Federal employeesinstead of defined benefits. Base business taxes onwhere goods are produced -- i.e. value added tax. Then declare"economic disaster zones" where warranted in the worst hitparts of the US where there would be zero taxes for tenyears and accelerated planning approvals for new enterprises.Finally, work on increasing the supply of doctors in theUS, even if we have to import them. Then in 2012...)))Fed's Lockhart: Oil shock could lead to QE3By Chris Isidore, senior writerMarch 7, 2011: 11:08 AM EThttp://money.cnn.com/2011/03/07/news/economy/Lockhart_Fed_QE...* * *
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