Posted on 01/12/2005 6:32:22 AM PST by tmp02
Rah Rah Rah!
Both the government and consumers spend too much. Roach is just pointing that out. A reckoning is coming, as it always has in the past. Greenspan has employed extraordinary measures to stave it off - we should have had a full correction in 2000-2002. How much longer can he do it?
Well, that's it. I'm charging up all my credit cards!
Ah, so we should be taxing ourselves into a better prosperity. Gotcha.
Meanwhile, every dollar given back to the taxpayer/consumer is a dollar not charged on an Asian-backed credit card. Go figure.
If cutting taxes means higher deficits, as it has over the last 3+ years, then every dollar in tax cuts does indeed translate to another dollar put on the asian-backed credit cards. I believe that interest on the debt is now the 2nd largest federal outlay. Take a look at the taxes you paid the federal government last year, 30% or so of it went to pay interest on the debt, and the largest holders of U.S. debt are China and Japan.
Would someone please explain to me - within the framework of the US Constitution - why it is that we even have a "Federal Reserve" that is in fact operated by a group of international bankers who have absolutely NO accountability to the US taxpayers, yet essentially run all of our economic futures?
Cutting taxes does not mean higher deficits. Spending more makes higher deficits. Perhaps if we eliminate a couple of departments and RIF a couple hundred thousand Federal freeloaders we could cut down the deficit and provide a ready source of labor to displace the immigrants now flooding the nation.
I'm sorry, but your suggestions make way too much sense, and must therefore be censored before too many decision making individuals read them. Please report yourself to the moderators for the adequate unjust punishment. /pseudo sarcasm
Spending more WHILE cutting revenue = higher deficits. They are both part of the equation
Perhaps if we eliminate a couple of departments and RIF a couple hundred thousand Federal freeloaders we could cut down the deficit and provide a ready source of labor to displace the immigrants now flooding the nation.
Don't hold your breath. Remember, we need to fully fund no child left behind and medicare expansion!
'Cuz they can.
Our job, as Conservatives, is to bring America back into line of the founmder's intentions.
Limited government,
No taxation without representation (I was never asked, via referendum, to OK the 'emissions control' test ... 20 - 50 bucks a pop, depending)
No National bank (especially an INTERNATIONAL one)
More contemporarily ... get rid of the UN
and a whole bunch of et cetera's.
What have you been smoking? Tax cuts always increase revenues! It frees up more disposeable income for citizens to spend and invest thereby stimulating the economy.
Read this
...and this
...and this
Cutting taxes also does not necessarily translate into lower tax revenues, something that was demonstrated during the 1980's.
Maybe China has the answer?
In absolute numbers no, if you cut taxes revenues will still rise due to other factors. However, revenues will not rise as much as they would have had taxes not been cut.
If you want to test your logic, would you argue that cutting federal taxes down to say, $1.00 per person per year would lead to an increase in federal tax revenues?
BTTT
This process effectively subsidizes U.S. interest rates, thus propping up U.S. asset markets and enticing American consumers into even more debt. Awash in newfound purchasing power, Americans then turn around and buy everything from Chinese-made DVD players to Japanese cars."
but he does fault him for being a "cheerleader for policies such as tax cuts...that could make the endgame all the more treacherous."
Why would you be against Tax Cuts if Americans are in debt?
In an interview this morning, Roach said, "That's a little extreme." He does admit the nation has prospered on Greenspan's watch. Still, he does not disavow the haymakers he directs at the chairman's chin.
I don't agree with everything Greenspan and the administration has done fiscally, but this guy sounds like a jackass and wants attention.
"Drink and dance and laugh and lie,
Love, the reeling midnight through,
For tomorrow we shall die!
(But, alas, we never do.)"
Dorothy Parker
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