Not entirely true, man.

http://www.nytimes.com/2012/11/08/bu...next-year.html

Oh, I'm well aware of that. I live in a $720,000 home here in Vegas. I'm VERY familiar with how property tax works. :(

I'm just saying...everytime I hear anything related to Warren Buffet it's him complaining about taxes (of all sorts) not being high enough.

And as I said...he's the richest person in the freakin' world. lol
Not everybody can afford to pay MORE taxes like he can.

So, if it's not going to be paid off with taxes, how are we going to pay off the debt?

Yo republicans - do you want to see the fiscal cliff (sequestration) happen, or not?

If not, what do you want your politicians to do instead?

Why do you republicans never propose at graduated across-the-board cut?

1% a year for ten years - so it's ten percent after a decade - absolute, across all spending whatsoever?

You keep trying to play silly political games, where you want to cut just the stuff that hurts the nigras and the single moms and poor elderly, but keep all the corporate welfare.

Why dont you just strap on a pair and propose something the whole country can agree to - absolutely fair across-the-board cuts?

so a report on economic situation in Europe that didn't really report anything new caused one of the largest one day drops of the market in months, and you are claiming election results had nothing at all to do with it? :error

I said not ENTIRELY true.

Any smart investor knew Obama was going to be re-elected. Hell, I'm dumb and went to state college and I knew it.

Bill8, the federal govt. spent 10.6 BILLION dollars today. They will repeat that again tomorrow and the next day and the next day.

They haven't slowed down one tiny bit.

Don't you think that before they start up raising taxes that they should at least pretend that they are going to stop spending money faster than they can borrow it?

I'm being serious. Through all of this fiscal crisis, one thing has remained constant: 10.6 billion dollars a day in spending.

They spend all of "rich guy" Mitt Romneys net worth in 29 minutes. They spend all of really, really rich guy Warren Buffet's net worth in 4 days.

Yeah, we should raise taxes...but only if the govt. stops this insane spending. Raising taxes won't even put a dent in the problem.
Especially if Congress just takes that new revenue and spends it on something more.

No not tony it's warren buffet during Arnold's run for gov.

I don't believe that Bill will have an answer to this problem. And anyone with a pulse knows that every single fact you posted is 100% accurate.

Please don't share facts.

The forecasts, combined with European business?s general disappointment about the outcome of the U.S. presidential election, helped send stocks lower on the Continent and in London on Wednesday ? a downward drift that carried over to Wall Street through midday there

Tony did you read the second paragraph:
"The forecasts, combined with European business?s general disappointment about the outcome of the U.S. presidential election, helped send stocks lower on the Continent and in London on Wednesday ? a downward drift that carried over to Wall Street through midday there."

Looks like the European market wasn't happy about Obama's re-election either. :(

Robbie you keep saying 10 billion a day, what do you expect a country of over 300 million people, with a huge military industrial complex to spent. $ 1000 a day?

No I was listening about this all day, Germany could be in trouble and that's a big oh shit moment.

I am going to go with $4b a day. Seeing that's how much revenue they have coming in.
Is that unreasonable, Tony?

I thought all Europeans loved Obama.

Learn something new every day.

Tony there is no way that you can seriously sit there and justify that kind of spending. Especially when we are in trouble financilally as a nation.

And why does it matter how many people are in the U.S.? Are we giving everybody in the country a daily paycheck or something?

And you know what I think about the military spending. It should be sliced to the damn bone. Just enough to ensure a viable defense just in case anybody ever invades us again (last time was the British in 1812 lol)

BINGO. They should only spend what they have coming in. A little less if possible...

meh - 300 points down - it went up 6000 points the last 4 years ;)

those 300 points will be back in no time

Not if we are at war and have a infrastructure falling apart.

unless the slide continues, which I wouldn't rule out... I wouldn't be a shocked if we are down 1000 points by the end of the week...

But it's Obama , it doesn't matter the market doubled since he has been in.

3 people, 300,000 people, 300 million people.

When it comes down to the math, there really isn't much of a difference. They are numbers. If those three people spend more than 250% of what they earn, they will be just as fucked as 300,000, or 300 million.

i know some of you are older than 18 as well - but i look at the stock market in longer terms than on a daily or weekly basis.

i dont do day trade, therefore little throwbacks dont scare me

I am not predicting DOOM..,I only said, I thought it was the BOYS reminding the POTUS that he is not the one with the ultimate power. Lighten up.

I find it hard to believe that business people are this short sighted -- the president changes every four years like clockwork. Something is ALWAYS changing yet business people are holding back on investment because they want 'stability'? I find that to be incredibly short sighted.

I was recently at a speech by a local small(-ish) businessman and he pointed out that he'd been in business for 50 years and tried to grow his business every year no matter what while administrations have come and gone.

Minte - how long have you been running your thing and how long do you plan to? Certainly more than 4 years. So how can you let something as short a a presidential administration dictate your plans?

You say you aren't going to make investments for 4 years, who are you punishing besides yourself? I respect you as a businessman but your widget factory doesn't make you John Galt.

I'm confused. I thought it was because we had 300 million people.

The number of people does matter. Infrastructure , services, education, protection, regulation ( I know it's bad until someone you love dies from a lack of) more people it all costs more money.

i am in an excellent mood - no worries - and it hasnt anything to do with the elections :)

if someone would ask me if i was doing better than 4 years ago my answer would be "HELL YES!"

you know what really helps me: to live in a country where i dont understand the language and therefore give a shit about the local government and politics.

my tax accountant makes sure we follow the laws and we're doing better than ever

#winning :pimp

First off, I never said I would not invest for four years. I said my company could lose money for 4 years. I also said that for the first year I would invest cautiously. Just like I have for the last 4 years.

I have been in business more than 30 years. I don't have any plans on retiring, ever.
I like my job. When there are unknown expenses looming and no one can tell you how much it will cost, no businessman that is going to last, lays all his cash down on RED and crosses his fingers,closes his eyes and prays..

What do you see happening when the government runs out of money and there is no one left on earth that will lend us anything? Keep in mind,that the first people that will feel it is those least able to absorb it. The 47% When the end of the month rolls around those assistance checks simply won't be there. The food stamps won't be there either.

What then?

You know the gov is not going to run out of money lets not be silly.

Some quick fact checking tells me that California has twice as many illegals as Maryland has population... Meaning, Maryland has a population of five million while California has over ten million illegals living here.

So now you are telling us that we need to elect our President based on what businesses in Europe want?

Why, because they will just print more?

i would appreciate that, thanks!

But yet you think Romney was going to come on board and drop taxes for everyone while reducing the deficit while fixing healthcare?

That's called magic.

So who won the Election? :D

No - reread the thread

No because revenue is always coming in . It will never just stop, now I know people like minte fantasize about that but it ain't happening.