On 09/06/2011 7:59 PM, wf3h wrote:
On Thu, 09 Jun 2011 12:46:02 -0600,
wrote:
On 09/06/2011 10:36 AM, wrote:
On Wed, 08 Jun 2011 17:37:30 -0400, wrote:
but, then, you simply say it's the black guy's fault
In this case it was. If Obama wanted the Bush tax cuts to expire, all
he had to do was to veto the extension bill.
There was not a veto proof support for the extension
These are now the Obama tax cuts.
Besides, the amounts were talking about, would be like using tooth picks
to save the titanic after its side was riped open. The cuts are not
that much in the $1.6 trillion, $2 trillion US Fed level corruption spend.
The real problem is that DC is living well beyond its means, sort of
like having an income of $10K/mo but spending $25K/mo. Will not last
long before real trouble starts, and in fact it already has. USD has
lost 30% value in just 4 years against the Yuan.
the real problem is that the right believes supply side mythology so
insists you can cut taxes and balance the budget
Actually yes. Study the elasticity in pricing, taxes too have
elasticity. Too low or too high and the benefits to society diminish.
Trouble now is that it is too high. Look at any nation having trouble,
some toxic mix of debt and taxes is the issue. Look at any economy
doing well, debt and taxes are much much less.
That is the growing economies of the world have less debt and less taxes.
--
Government isn't the solution to the bad economy, it is the problem.