June 4, 2012

US Economic Situation is Very Dire

If you are going to raise taxes in 2013 I assure you the economy is going to slow down and slow down a lot. Cutting spending would be good, by the way. It would help the economy. Would they do that? I doubt it because too many lobbyists are going to race in and say 'you can't cut my spending. - Newsmax.TV 

Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.