freeandfun1
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- Feb 14, 2004
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freeandfun1 said:
smirkinjesus said:You call me a troll.
GOP's $11 trillion dollar swing in the Budget deficit is not a laughing matter. GOP needs to do some serious soul searching, you have strayed far away from your roots.
smirkinjesus said:(1) The somebody who holds the IOUs matching your $100K (average household) share of the fiscal fiasco is probably not you. You might have a few hundred dollars in savings bonds, or hold US debt indirectly via a money-market account. "Somebody" owns millions ... probably somebody who got rich(er) by virtue of unrealistically low, debt-subsidized taxe rates. Even if you own nada, you get taxed (for the rest of your life) to redeem all of somebody's IOUs.
Paying the piper means a massive tax-mediated net transfer of wealth from the many to the few.?
smirkinjesus said:(2) That somebody doesn't necessarily pay taxes anyway. Bonds are held extensively in tax-deferred or tax-exempt trusts, nonprofit endowments, insurance reserve accounts, pension plans, government agency accounts.
Paying the piper means taxpayers do all the giving ... but less than half the getting.?
smirkinjesus said:(3) Somebody isn't necessarily one of us. Foreigners save, lending us their surplus ... so American consumers can live beyond their means, corporations can leverage their earnings, and politicians can spend without taxing. Our economy -- bathed in a gentle rain of "free" money -- is less prosperous than it looks, to the tune of several hundred billion dollars a year. After a while it adds up.
Paying the piper means American taxpayers give, and foreign creditors get ... even the (shudder) French. Think of it as a Louisiana Purchase in reverse.?
smirkinjesus said:You call me a troll.
GOP's $11 trillion dollar swing in the Budget deficit is not a laughing matter. GOP needs to do some serious soul searching, you have strayed far away from your roots.
smirkinjesus said:[Did somebody say it's no big deal because the cuts will pay for themselves? Forget it. No if's, and's or but's. No legitimate model -- no matter how dynamic -- produces any such result. No reputable economist -- left, right, center or future -- states any such case. You probably thought they said it in Reagan's time, but -- as Laffer himself points out -- none ever did. It was all clever juxtaposition and parsing. You won't hear it now, except from political operatives who can't be held accountable. The dissonance is probably why they just moved the Council of Economic Advisors out of the White House.]
smirkinjesus said:I think Kerry's first Act should be the "De-Ne[o]conification
Basically its not fair that me and my children have to pay for the disaster you guys created when you checked the box next to Bush's name in 2000.
smirkinjesus said:IT WAS TEN Trillion IN 2003, NOW YOU GUYS HAVE A SWING GOING TO 11 trillion. GOOD JOB! And I'm no troll.
In context of our ten trillion dollar swing in projected US fiscal balance,
Zhukov said:Be sure to remember to site your sources, sir.
I'll do it for you this time. You can thank me later.
http://www.dailykos.net/archives/002801.html
I totally agree. I also find it hilarious how they just ignore his comments about veterans being murderers (they usually say some crap about how Kerry had the guts to "speak out" about the war) and this book cover:I still find it hilarious that all the Democrats were running around in 1992 saying that military service has no bearing on one's qualification for the Presidency... and now in 2004 the exact same people are running around saying that because Kerry is a Vietnam vet, he's better qualified to be President.