Posted on 06/11/2010 7:47:00 PM PDT by blam
Here comes the once-mythical double-dip recession. Funny how those things only seem to crop up when we have democrats/liberals in charge of both Congress and the Whitehouse.
One man’s “ammo” is another man’s TAXES!
This is how revolution may work.... consumers and business shutdown and starve the governments of needed funds....cool.
I hope it works.
Except that they then print money. Which devalues it and makes all your investments go up. They then tax you on your “capital gains,” notwithstanding that those investments didn’t necessarily go up in terms of wealth, just in nominal dollar terms as a result of the devaluation they themselves caused. Nice work, if you can get it. Makes me think of lamp posts, though.
Idiots. Just cut the spending. Cut the government. Cut the taxes. Get the government out of the way and set our people free to produce. Works every time.
In response, the government prints the money it needs to meet its requirements. This results in hyperinflation, which wipes out the middle class, and sends the country even deeper into depression. Let's face it, this is a no-win. The only way out is to step away from the ledge.
The problem is that the ideas that led us to this point (Keynesian economics, the welfare state, government run education, etc.) are so deeply ingrained in the populace's mind that most are simply unwilling to take the necessary steps. In all likelihood, things will get a lot worse before and if they get better.
Well said, except it makes me think of yardarms rather than lampposts. Same people swinging from them though.
Now finaly, market forces will take over!
As Margaret Thatcher put it, the problem with socialism is eventually you run out of other people’s money.
Bookmarked .....
The New Deal introduced acts that became part of the law and numerous agencies that worked with the Federal government in ensuring that the acts were enacted.
On March 15th 1933, Roosevelt asked Congress to pass the Economy Act. This cut the pay of everybody who worked for the government and the armed forces by 15%. Government departmental spending was also cut by 25%. The saved money, about $1 billion, was to go towards financing his New Deal.
Deadly or not, it’s coming.
The real pisser in all of this is once it is clear that the system is crashing, the Congress Critters who brought down the house will simply “retire” and never, ever face any accountability for what is surely coming.
“The saved money, about $1 billion, was to go towards financing his New Deal.”
His New Deal delayed the depression until 1941 when he negotiated the attack of Pearl Harbor to get us into WW-2 and end the depression.
That's why I'm telling everyone to find out where your elected royals and union officials live, even the retired ones...when TSHTF, they'll be the ones with the goodies...you can go 'stay' with them until things get better.(Ahem)
This workes with sensible people but there are very few left in our government.
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