The problem I see is that politicians don't have the balls to raise the tax during the economically good times.
If they did, that would curb the heatened economy.
Tax reductions should only come when the economy is going down.
But when the economy is running high, it needs to be controlled, and the politicians needs to have some fcuking brains and stop being populistic.
If Bush would've raised the tax instead of lowered it when the economy was going really well a couple of years ago, a couple of things would've been different:
*He would've had a buffert, instead of a gigantic depth, that he could've used for tas cuts, to stimulate the economy now.
*There wouldn't have been as much mortgages, since the prices would never had gone to that level in the first place.
The fcuked up thing, the really fcuked up thing, is that the politicians probably are gonna try to bring the economy back on its feet by: cutting back.
The method that would've helped an overheated economy.
It's like using a torch blower to nurture a burn victim.