Page 12 - Internet Bubble News Today

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With it. >> and what is that? >> we have a problem in this country that said -- and what have we got. one bubble after another. major debt driving. one bubble after the other. since the internet bubble. enron bubble. the dot com bubble. the real estate bubble. the banking, ponzi schemes. trying to create wealth from nothing. instead, we should be making and building things in this country. a major major reason why were not successful in manufacturing and putting people back to work today and tha...

As they can before those tax cuts expire, and ill it will you what, were going to have hell to pay in 2000-- >> we had tax increases and a strong stock market in 2000, we had a lot of tax cutting and a weak market. one of the worst in history. >> in the 90s we had an internet bubble, kind of had something to do with what went on. >> thank you, brenda. >> caroline, i want to ask you about that, how do you respond to gary? >> well, i think that we cant be honest with deficit reduction and say that...

In fact, the tax foundation mass studied this whole issue and put some-- or add some meat around what eric was saying, they found that tax rates across the board would have to double, brenda, just to pay for this years deficit. and even if you use obamas rosie budget going forward they would have the increase across the board. not just the richest people, across the board, 50%, so the person in the lowest tax bracket are making 10%, they have to pay now a 15 to 17% all just to pay for deficits. ...

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