Oh hell just let ‘em raise taxes....the resulting 15% unemployment ought to be fun to watch Obama try to explain in October 2012.
The part that permits you to retain your testicles.
The problem is that the little people have too much money and freedom.
We on the left have a solution for that problem.
But the ignorant little people dare to fight us.
/sarc(?)
This assumes the money not taken and spent by the government will not be spent by its rightful owners, the folks who earned it.
Well- there’s five minutes I’ll never get back. The author offers more straw men than you’d find in a million acres of corn.
We ARE “Taxed Enough Already” and this is a barfbag article, but an abrupt 25% reduction of cash flow to the economy will lead to an economic meltdown.
I'll let the left's favorite 'partisan democrat' address these items seriatim:
First: "The democracy will cease to exist when you take away from those who are willing to work and give to those who would not." -- Thomas Jefferson
Second: "If we can prevent the government from wasting the labor of the people, under the pretense of caring for them, they will be happy." AND "To compel a man to furnish funds for the propagation of ideas he disbelieves and abhors is sinful and tyrannical." AND "I think we have more machinery of government than is necessary, too many parasites living on the labor of the industrious." -- Thomas Jefferson
Third: "I place economy among the first and most important virtues, and public debt as the greatest of dangers to be feared. To preserve our independence, we must not let our rulers load us with perpetual debt." AND "I hope a tax will be preferred [to a loan which threatens to saddle us with a perpetual debt], because it will awaken the attention of the people and make reformation and economy the principle of the next election. The frequent recurrence of this chastening operation can alone restrain the propensity of governments to enlarge expense beyond income." -- Thomas Jefferson
So yes, I'm "guilty". I have "bought in" to the "partisan" Thomas Jefferson's "talking points". But better his than those of Barack Obama, George Soros, Harry Reid, Nancy Pelosi and Karl Marx, eh Mr. Numerian?.
They want to talk about rolling back to FY2000 percentage of GDP for the federal budget? I'm all for it. But they don't... The constant whine is that the rich keep getting richer.
Well, yes, stupid, they do. If I have a million dollars in the bank and invest only 100k of it during a year, even if you set capital gains at 100%, I'm still going to have a million dollars at the end of the year. But if there's little to no capital gains tax, there's more incentive for me to risk my money to try to make more. Either way, I'm still going to be the ‘rich getting richer’, but one way, you collapse investment, the other you expand it.
Time for these liberals to pony up a number. What percentage of the GDP should the federal government consume...?
We're waiting.
The Tea Party knows that to increase revenue by increasing taxes will cause a slow down of the recovery phase of the economy.
The way the “Tea Party” has been so kindly bandied about in media makes me think that there is a HUGE group of people that are quietly becoming more resolved to the idea that these people of the socialist left are just plain evil.
Unfortunately, seems that the socialist left has a lot of members that seem to squeal loudly and spin relentlessly in the game of control/politics.
Can politicians and pundits really get away with calling so many of us idiots and racists?
“There are two ways to get to a debt crisis – you either spend too much money or you don’t take in enough revenue.”
####
This clown is simply angling for a compromise, shuffling down the inevitable road to economic oblivion. And make no mistake there is no fast talking, obfuscation or politicking that is going to save us when the market-driven, economic hammer finally comes down.
There is PLENTY of revenue. Way too much in fact.
Spending at an utterly irresponsible, insane level is the ONLY problem and where ALL of the repair work needs to be directed.
What a moron. The only way you can have a debt crisis is by taking on too much debt. Some people in the real world have absolutely no debts at all. How could spending or earning cause them to enter a debt crisis ?
They may have good intentions(the common followers of this movement) but they are an easy pawn that will be blamed if a debt deal is not struck by Aug 2nd and the ensuing interest rates rise will crush the rest of the middle class playing into the hands of the democrat communists
Limbaugh ,Hannity and Beck should sell all there possitions for the tea party cause if they think the tea party will save america.
I doubt that will happen! Which shows there doubt as well!
“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.
“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.
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.
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?
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.
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.
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?