Posted on 11/26/2012 12:40:42 PM PST by bestintxas
With our political leaders locked in a fiscal struggle that threatens to throw the economy off a so-called cliff and into recession, you might be wondering how we got to this place.
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 ...
Rex put the nut in Nutting.
One only need to look back through 'Rat congressional leaders and followers of the last 50 years to find hundreds of more culcapable peeps.
The real Laugher: It's Laffer's fault. What a joke of analysis.
The Deficit is a myth - it doesn’t exist.
If it does exist, it’s not bad, conservatives just think it’s bad and it’s all Republicans fault....
This guy is an economic idiot, and liar. The Reagan tax cuts
and Laffer were correct, and revenues more than doubled as a result. It was spending by DC that killed us.
Really, I have no choice but to vote for a tax increase. It's out of my hands. Would you prefer I vote for a tax increase or allow MASSIVE cuts in our defense? Sure, I know you will agree with me and like a good boy accept your medicine.
His thrust is hard left. Boehner is pragmatic and Obama is not left enough? Probably the best thing about this guy is his wardrobe.
Nutting is a flaming leftist ahole.
Pay him no mind.
He’d blame the sinking of the Titanic on conservatives, Republicans, and the free market. He’ll claim that socialists and Keynesians could have prevented it from sinking once it struck the iceberg.
"Without Peterson’s billions and the guilt it bought, the deficit would be a fringe issue."
Wow. That’s a few minutes of my life I am never going to get back. What an electronic collage of moonbattery.
Basically, Bush’s Fault.
Also, notice how the libs and leftists are, once again, trying to take control of the argument by redefining the terms.
We Austrian-based economists have been calling for “financial Armageddon,” “monetary collapse,” and a “fiscal cliff” for many years.
The left is now trying to make the case that the “fiscal cliff” is keeping taxes low and cutting spending. They are implying that if we ever try to live within our revenue, we will suffer as Greece is suffering.
We are headed for a fiscal cliff. But the fiscal cliff is deficit spending. Both parties are guilty of this, but the DemocRats are the experts at spending way beyond anyone’s means as a method of not only buying votes, but of reducing entire sectors of the citizenry to dependents of the state, thus ensuring that the DNC purchases entire classes or blocs of voters.
The fiscal cliff is that point of no return when our current spending, our payments on the debt, our payment of the interest of the debt, and our future fiscal liabilities outpace any type of economic growth.
When that happens, just paying the interest on the debt will bankrupt and no one will lend us money.
Notice how the leftist ahole Nutting calls us greedy for wanting low taxes. Really, Nutting? How much of the profit that you take for writing this propaganda do you voluntarily send to the IRS? How much do you pay your financial adviser to save you every tax dollar you possibly can?
And is it really the antithesis of “greed” to allow a government that has earned mistrust and ridicule when it comes to fiscal policy to squander our hard-earned dollars?
No, Nutting, you leftist ahole. It is not greedy to want to keep my own earnings. It is intelligence and self-preservation.
Go ahead and write a check to the IRS, Nutting, you hypocritical propagandist.
Because of his neglectful conflict of interest over Fanny Mae, Barney Frank should be #1 on any such list.
"There’s only one problem: Laffer’s ideas didn’t pan out in practice: Tax cuts don’t pay for themselves. Tax cuts are a major cause of our $16 trillion national debt."
I've always loved that "how you going to pay for it?" argument. No one ever says "we're not." and somehow it gets turned into a "revenue problem".
Would someone list the 10 in the article for me. The site is so slow, and do not see the list of names on the first page. Can’t get the site to work. Thanks
Also the picture of the author of the aritcle looks like a jerk. I suspect that he is a liberal so I can imagine who he is blaming the Cliff on!
Also the picture of the author of the aritcle looks like a jerk. I suspect that he is a liberal so I can imagine who he is blaming the Cliff on!
The one thing the article has right is “It’s the Economy, Stupid!”
The TEA Partiers were right - the article makes NO mention of reducing spending, and both political parties are puppets of the banksters. Just follow the money. JPMorgan nets just over $1B / month income in these troubled times.
These left wing idiots like Nutting and Stiglitz always try to blame Reagan, but he is the only one who actually identified the problem and articulated it so that eventhese fools could understand it.
Reagan said something to this effect:
“The problem is not that government doesn’t tax people enough, the problem is that government spends too much!”
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