Free Republic
Browse · Search
Smoky Backroom
Topics · Post Article

Skip to comments.

The Simple but Horrifying Fallacy at the Core of the Tea Party (Bucket needed)
The Economic Populist ^ | July 28, 2011 | Numerian

Posted on 07/28/2011 12:39:15 PM PDT by 2ndDivisionVet

click here to read article


Navigation: use the links below to view more comments.
first previous 1-2021-4041-57 last
To: APatientMan

“”I just don’t think the Tea Party is a bunch of dupes who don’t understand the consequences””

The enemy we are fighting is more clever than you think,it’s demonac.

Only prayer and fasting can drive this out,not violence and not talk radio people who can not get thier own life in oreder


41 posted on 07/28/2011 6:13:41 PM PDT by stfassisi ((The greatest gift God gives us is that of overcoming self"-St Francis Assisi)))
[ Post Reply | Private Reply | To 37 | View Replies]

To: 2ndDivisionVet

“It’s hard to say if the Tea Party has an acknowledged leader, but someone who professes to be just that”

...isn’t. Anyone claiming to be the leader of the tea party doesn’t understand what the tea party is.


42 posted on 07/28/2011 6:18:19 PM PDT by ctdonath2 ($1 meals: http://abuckaplate.blogspot.com/)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 2ndDivisionVet

“By taking one half of this equation out of the discussion”

Well, it isn’t in the discussion. You can’t just declare more income the way you can declare less spending. Sure the Feds can raise tax rates, but people will adjust and the total revenue will stay about the same.


43 posted on 07/28/2011 6:22:17 PM PDT by ctdonath2 ($1 meals: http://abuckaplate.blogspot.com/)
[ Post Reply | Private Reply | To 1 | View Replies]

To: justa-hairyape

I think that is what makes all of this interesting to watch.

This can and should have collapsed long ago, but it hasn’t. As long there is some faith in fiat, they can abuse this system like a abused wife. It is sick, but they keep getting away with it.

Some seem to think they won’t let it all fall until the “elite” have finished getting out. Who knows, but it is becoming more apparent that this can’t keep up for much longer.


44 posted on 07/28/2011 6:34:42 PM PDT by TruthConquers (Delendae sunt publicae scholae)
[ Post Reply | Private Reply | To 38 | View Replies]

To: 2ndDivisionVet

They hate the Tea Party for many reasons, but most of all beacuse it’s a genuinely grassroots movement. There are no “
“corporate fatcat”/Koch brothers/Rupert Murdoch figures to Isolate and polarize in the required Alinsky manner.


45 posted on 07/28/2011 7:35:21 PM PDT by denydenydeny (Rage all you want, looters & moochers, but the gods of the copybook headings are your masters now.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: BlatherNaut; All

What part of “socialism doesn’t work” do you and democrats/liberals/media/socialists don’t understand?


46 posted on 07/29/2011 4:57:48 AM PDT by Democrat_media (Why is no government creating a product we can hold in our hands like a cell phone..?)
[ Post Reply | Private Reply | To 10 | View Replies]

To: 2ndDivisionVet

Cuts of $4T over 10 years, the down payment on deficit reduction that both Moody’s and S&P set as a likely minimum to avoid a downgrade, would be the equivalent of taking 25% of the cash out of our economy?

And we’re supposed to take anything in this article seriously?


47 posted on 07/29/2011 5:12:02 AM PDT by 9YearLurker
[ Post Reply | Private Reply | To 1 | View Replies]

To: 2ndDivisionVet
Here is what is fundamentally wrong and dangerous with the core assumption of the Tea Party: There are two ways to get to a debt crisis – you either spend too much money or you don’t take in enough revenue.

With a statement like that, you'd think the author would provide, oh, I don't know, say, maybe some facts and figures that show that there is a "revenue problem"?

The reason he doesn't is because he can't. Phillips is right on this point -- the government gets plenty of revenue, it just outspends it to a sickening degree. The budget can (and should!) be balanced, and even turned into a surplus to start paying down the debt, through spending cuts alone.

48 posted on 07/29/2011 5:18:40 AM PDT by kevkrom (This space for rent.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 2ndDivisionVet
What they refuse to acknowledge is that there is a very finite limit to the revenue side.

Raise tax rates enough, and people will shift their attention from income creation to tax avoidance. Raise tax rates more, and people are more likely to forego income in exchange for leisure -- doctors working a couple of 18 hour ER shifts and taking the rest of the week off, small business owners semi-retiring and letting things coast, etc.

Eventually, raising government spending MUST be dealt with on the spending side -- and it won't be pretty.

49 posted on 07/29/2011 5:31:26 AM PDT by PapaBear3625 (When you've only heard lies your entire life, the truth sounds insane.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Democrat_media

“What part of “socialism doesn’t work” do you and democrats/liberals/media/socialists don’t understand?”

What part of “balance of power” do you not understand?

Would you prefer to throw out the Constitution so you can have your way?

Lose the battle, then the war.


50 posted on 07/29/2011 6:53:12 AM PDT by BlatherNaut
[ Post Reply | Private Reply | To 46 | View Replies]

To: 2ndDivisionVet

A couple of states, maybe TX and AZ, need to make a break for it. We are dealing with Marxists. The only way to defeat evil is to destroy it or seperate and isolate it. There is NO common ground here, quit hoping for a political compromise. There wiil be none. Ever. Our problems cannot and will not be solved politically. We are being enslaved, GET IT?


51 posted on 07/29/2011 7:02:30 AM PDT by central_va ( I won't be reconstructed and I do not give a damn.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: BlatherNaut

Well we raised the debt ceiling and still our credit rating went to AA+ because S&P does not believe that we are serious about our debt problem, now Biden is getting a lecture form our banker the Chinese. But you notice that our bond interest rates continued to go down, because were the safest place to put your money in a world of such massive debt that no one will be able to pay the money back. At this point the dollar is funny money only slightly better than the Mark in Germany in the 1920’s, and it will likely have the same end, being burned in the fire place to stay warm.

Buy a little Gold or Silver coins so when fiat money fails you will have something to weather the storm, if that isn’t possible buy food and store it, even three or four month will stop you from panicking and making a terrible error in judgement in a time of trouble.


52 posted on 08/17/2011 10:04:49 PM PDT by qman (If you are prepared you can't be surprised.)
[ Post Reply | Private Reply | To 19 | View Replies]

To: qman
"Well we raised the debt ceiling and still our credit rating went to AA+ because S&P does not believe that we are serious about our debt problem"

We didn't do enough.

"Last month, Standard & Poor's warned that the U.S. risked a downgrade to AA status if Congress did not lift the debt ceiling and reduce the total debt by $4 trillion over the next decade. The eventual deal called for barely half as much deficit reduction."

http://abcnews.go.com/Business/standard-poors-downgrades-us-credit-rating-aaa-aa/story?id=14220820

An abrupt cut-off of cash flow to cover accrued debts or ss payments, military pay, etc. would have resulted in a different type of crisis (one that could have triggered a world-wide domino effect, as well). Obama deliberately engineered this no-win situation by eschewing a budget until the deadline was upon us. The only options at that point were to either trigger a crisis immediately (cut cash flow by 40% with Obama calling the shots re who got paid) or attempt to buy time until the next election, defeat the democrats, and start reversing the financial mess Obama (and Bush) created. You're smart to plan ahead. Still, there are plenty of unknowns here, so too soon to lose hope that things will be turned around.

53 posted on 08/18/2011 7:10:10 AM PDT by BlatherNaut
[ Post Reply | Private Reply | To 52 | View Replies]

To: GraceG

“If you are going through hell - keep going!” Winston Churchill


54 posted on 08/18/2011 7:12:46 AM PDT by allmendream (Tea Party did not send the GOP to D.C. to negotiate the terms of our surrender to socialism.)
[ Post Reply | Private Reply | To 9 | View Replies]

To: Grunthor

[ Oh hell just let ‘em raise taxes....the resulting 15% unemployment ought to be fun to watch Obama try to explain in October 2012. ]

Sometimes I think that we need to “Walk down the path of darkness together” with these liberals and see who makes it out on the other side of things.

In other words give them exactly what they want and make them pay dearly for it by surviving the ordeal they give us.


55 posted on 08/18/2011 7:27:35 AM PDT by GraceG
[ Post Reply | Private Reply | To 2 | View Replies]

To: GraceG

Detroit, Los Angeles, Gary Indiana.....what happens when liberals get everything they want.


56 posted on 08/18/2011 7:56:20 AM PDT by Grunthor (In order; Bachmann, Cain, Palin, Santorum, Perry, None of the rest matter 'til the general)
[ Post Reply | Private Reply | To 55 | View Replies]

To: Grunthor

[ Detroit, Los Angeles, Gary Indiana.....what happens when liberals get everything they want. ]

Yeah, you make a good point....


57 posted on 08/18/2011 8:16:05 AM PDT by GraceG
[ Post Reply | Private Reply | To 56 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-57 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
Smoky Backroom
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson