Page 24 - Gary B News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Decades through much higher tax rates that they're about to get. they're a big boom for everybody now. in the 50's and 60's, this country does very well through higher tax regimes and we can get by without 0% interest rates forever. america is a strong country. we have to get back to reality at some point. >> basically, gary b, he's saying that we are kind of becoming an entitlement culture. >> well, yeah. that just hit to jonas' point. it's what philosophy you have. if you think the government should become bigger and bigger and bigger and it certainly will under any kind of budget that the o...

Nearly as much and, you know, college tuitions are up and people 25% of people's homes are underwater. that is going to affect behavior. it's just denial. >> and people's houses are underwater and rent is going up. gary b, i know you go to safeway and you tell us when you go there, you can really shop well. you're a conscious, cost conscious shopper. >> just today, brenda, nancy and i took advantage of bogo, buy one, get one free. so yes, people do substitute, toby! if, you know, a hamburger is expensive, we switch to ham or chicken. but that's not the point. that's not the point of substituti...

Like we had in the late 1990's. we don't have that now. >> toby? >> if we get back -- yeah, i mean, you have to -- you can't take all this stuff and just single piece. you have to take a macro look here and, you know, sort of the marginal shareholder is the person that's more confident to buy shares. the small businessperson who is more confident to buy inventory, etc., is -- is in a bubble. you push them a little too hard and they were tracked and we just don't have -- to gary b's point, we don't have the momentum in the economy that's growing fast enough to be able to absorb another push in ...

Sudden, because, where we're subsidizing and go and get higher taxes and the third part of the triple whammy, and it goes to the inefficient federal government or the inefficient state governments and all of the roads and bridges and stuff could and should be privatized and that's where you get innovation like the hot lane which no government could ever come up with, that one come up with private enterprise and the greenway, for crying out loud. and instead of giving this money to the country that creates the big dig and wastes zillions of dollars. >> there would be all the private tolls. >> t...

Involvement, fed involvement, where is the growth? >> you tell me. >> and here, the crux of our question is, 120,000 jobs is not going to grow us out of this malaise. and nobody argues that, but to gary's point. they were saying that, blah, blah and blah, all the bad stuff that the the administration has done for the last three years, dude, that's already priced in. we've gotten the-- >> somebody answer that phone! >> the second thing, we have another leg of maybe six months of this morras of people not feeling good where the government is going, but nothing's changed and-- >> toby, toby, i ag...