Sure
Posted on 11/21/2012 10:50:23 AM PST by Ernest_at_the_Beach
Remember that this supposed fiscal cliff is the direct result of two contradictory impulses in American life: Greed and guilt. Greed for low taxes, a strong military, a strong safety net and lots of government spending for everyone. And guilt that we weren’t paying our way. Read “Stop calling it a ‘fiscal cliff’”
All of us (or almost all) had a role in this melodrama, either benefiting from the spending or from the lower tax rates. Despite our culpability, it took strong national leaders to foster the heady mix of greed and guilt that brought us to this spot.
Here are the 10 people most responsible for bringing us to the edge of the fiscal cliff:
(Excerpt) Read more at marketwatch.com ...
>> I saw Art Laffer listed and stopped reading further.
I saw that rather than a simple article, it’s yet another one of those “click through ten damn pages so we get more advertising $$$” and closed the page immediately.
Anyone posting Laffer as #1 and Obama is just trying to appeal to populists across the board.
Plus this guy is jockeying for ad revenue by putting them on 10 different pages.
This is DRIVEL!
Default would also kill Progressivism. All Progressive programs depend on a strong central/Federal gov't giving top-down mandates, AND using money to back it up. Imagine a Bankrupt Federal Gov't (I know, they have printing presses). How would the EPA, NPR, ACORN, SNAP, etc. etc.. survive?
They wouldn't!
What a joke. I didn't read past there.....
As you are no doubt aware, this is just a variant of the basic principle that when selling a product there is a price that maximizes net profit.
Lowering price will generally increase number of units sold, but will by definition reduce profit per unit. At some point, one begins losing money on each unit sold. No, at that point you cannot make it back in volume!
OTOH, raising the price always increases the profit per unit, but normally will decrease the number of units sold.
In a monopoly system, which of course taxation is, there is always a specific point where these two factor balance out and the greatest total profit (or tax revenue) is generated.
One can argue about where that point is, but I find it really difficult to imagine anyone could seriously contend the point doesn’t exist.
Anyone who thinks that the Congress is going to arrive at an agreement to avoid the fiscal cliff. Barring an EO from zero that circumvents the Congress (AGAIN!), they will not agree on the measures necessary to avoid the looming economic disaster in 2013.
If the Senate hasn’t produced a budget in 3 years, they aren’t going to be able to do this in 5 weeks . . . . . . . . unless Boehner cries and caves . . . . . . AGAIN!!
(Boehner is a primary reason that I no longer support the RNC. BUT - he’s only one of many!)
That would be Congress.
Starting with the loss of Congress in Bush's presidency until now Congress has spent like a payday soldier at Octoberfest.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
I agree with that Dodd and Frank should be at the top of the list. I also nominate Pelosi and Reid. They had a majority for four years and ran up the numbers with no hesitation.
For that matter, all democrat Senators and Congressmen as well as their voters share large blame in this. Where did we get the idea that the Federal Treasury was Santa Claus with an infinite bag of goodies. What percentage of recipients don’t need all of what they are taking and/or have lived irresponsibly causing their own downfall?
I had stopped reading any article with Nutting’s mugshot on it, but this article just looked too ridiculous to pass.
The leftists love the list....
LOL!
Great post.
It seems like it shouldn't be too terribly difficult to code something that checks each post against the poster's last one. If it's an exact match, then drop it.
Just sayin'
Lefty white guy wth a beard talking about the economy. It is Krugman without the smugness.
After Bill Clinton, I thought it would be Greenspan. Bang! Stopped reading after that.
somebody forgot the /s switch...
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