Comments on: Bankruptcy Usa

By: barker13

barker13 — Fri, 03 Apr 2009 14:51:10 +0000

"The problem with the GOP's alternative budget is that it doesn't address how to get America out of the deep recession we're in..."

So, Sinz... how do YOU propose we "address" the recession?

Before you enlighten us... here, some reading material:

http://www.lewrockwell.com/rothbard/rothbard184.html

"I'm really surprised that the GOP didn't propose a cut in the SS payroll tax. That would make working families a bit richer immediately."

"Richer" in terms of here and now, much poorer in terms of additional debt taken on as government borrows even more to cover the "shortfall" of Social Security "surpluses" which are ordinarily used to cover/hide (at least partially) shortfalls in general revenue vs. spending.

(*SIGH*)

No... more of the same "bait and switch" isn't the answer, Sinz; lowering corporate taxes would be a good idea however.

As to capital gains... (*SIGH*)... the problem with Wall Street is that we long ago moved from a rational dividend model to a "Vegas" model of betting on stock appreciation. (Of course the tax code has a lot to do with this...)

Sinz... are you a man or woman? I ask because I'm about to make a sexist remark: You sound like one of those stay at home moms who shuffles junior over to the pediatrician every time he has a sniffle. (After all... it's "just" a co-pay.) (*SNORT*)

Sometimes you've just gotta let a "cold" run its course.

As to putting Americans back to work... I'm all for it. But what kind of work...??? Do we really want hundreds of thousands of Americans back in the field of... er... "finance?" I say... LESS SUITS! I say... LESS LAWYERS! I say... LESS "SUPPORT" STAFF!

Me? Instead of worrying how America's high school grads are going to afford college, I say we look for reforms making college unnecessary for most American high school grads - at least as we define "necessary" in liberal arts terms.

I wanna be able to ask someone what they do for a living and get a reasonable, understandable, relatable reply! I want a nation of doers, not paper pushers.

Yes... lets bring back American jobs - jobs that matter, jobs that produce more than dueling piles of paperwork.

Hmm... if Obama was so damned interested in American jobs he should have given the Queen something MADE IN AMERICA - BY AMERICANS - rather than an iPod made in China.

(*SNARL*)

BILL

By: barker13

barker13 — Fri, 03 Apr 2009 14:26:33 +0000

"China has engaged in a form of vendor finance it lent the U.S. the funds needed to buy its products."

http://www.youtube.com/watch?v=SqbL4cOELf8

(*RUEFUL GRIN*)

"...it is heartening to see that Republicans have presented some full-blown alternatives to the Democrats plans. Lets not be confused, there is no realistic hope for their passage."

And THAT sir is the bottom line.

(*SHRUG*)

"Facts are important."

In theory... yes. Ultimately in consequence... yes. But in practice...? NO.

Doug... you're speaking to an educated, knowledgeable audience here, obviously interested in the issues, "sophisticated" if you want to use that word.

The vast... vast... vast... vast... majority of 300,000,000-plus Americans...

(*SNORT*)

Not so much, Doug.

(*SHRUG*)

We're no longer a democracy, a Republic as envisioned by the Founders; we're a mob on the downside and an oligarchy on the upside. The Second Coming could take place with the Founding Fathers surrounding Jesus and making common cause for political reform and...

(*SIGH*)

It's over. The "experiment" has failed. The people are too lazy and stupid to see and act upon their and their children and grandchildren's best interests as they relate to economic and therefore ultimately political freedom and so over the next few decades this once great nation will basically disintegrate.

What a pity... what a shame... what a waste...

BILL

By: sinz54

sinz54 — Thu, 02 Apr 2009 16:14:25 +0000

The GOP's budget squarely faces the huge projected increase in entitlements. Though its solutions are rather draconian--ending Medicare for today's workers entirely???

The problem with the GOP's alternative budget is that it doesn't address how to get America out of the deep recession we're in--and that's our main problem now, while the increase in entitlements is a future problem. The GOP abandons Obama's stimulus package in favor of lower taxes on "successful" investments. How that puts all those laid-off Americans back to work, or when that might happen, they don't say. They seem to be assuming that we have a supply-side problem. I suggest they go to any auto dealership to see that there's no shortage of supply. There's a shortage of demand.

I'm really surprised that the GOP didn't propose a cut in the SS payroll tax. That would make working families a bit richer immediately.

Despite this, the GOP plan still ends up running a deficit of $500 billion per year, which will add to the Federal debt just as with the Dem plan.

The truth of the matter is that there is no way to get the U.S. economy out of the financial collapse without a massive reflation of the money supply. Whether you do it by spending (as Obama proposes), or you do it by tax cuts which have to be monetized eventually (as the GOP proposes), either way you ended up with a huge increase in Federal debt.