#18–Steve==sorry, should have added that FDR needed a depression which we narrowly avoided but TR only needed widespread corruption and a widening gap between rich and poor===just as we have now. Sadly, the worst recession this nation has ever experienced is not enough to create a mandate for change ((remember that a simple majority is no longer enough to pass legislation in Congress)). So–it has to get even worse. Maybe with the double dip that coming IF the American electorate can take those 30 minutes and figure out what got us here and vote their own economic self interest for a change. Right now, it looks a 50/50 bet the electorate would vote for the very policies that caused this recession. Thats why we are in this boat.
I caught 60 minutes on tape interviewing David Stockman. Informative. Key points: both parties affirm they will not cut any popular social program and won’t cut the military either. We have gotten used to the illusion of wealth by deficit spending. It was one thing when the Pukes constantly vomit up “TAX REDUCTION” as their bumper sticker dogma for the masses, but Stockman pointed out he was dismayed that Obama/Dems have it now too with the continued Tax Reduction for those making less than $250K. What insanity this?
I have assumed that the Obama Tax the Rich plan was sufficient to bring the budget back into balance (eventually?) but now I’d have to see the figures. It now looks like BOTH PARTIES want to deficit spend us into oblivion.
Taxaction of the public through currency devaluation is VERY DIFFICULT for the public to understand/appreciate/hate/vote incumbents out of office over. We are doomed.
With too many idiots confusing taxes with slavery, and grinding society inequality with freedom, and thinking “starve the beast” is anything but a bullet to the head====yes, we are doomed.
We are going to go past “pain” into something else. A religious conversion perhaps?
I’ve always known religion would do us in. Magical Thinking: we can spend and nothing bad will happen. Kinda like Global Warming, same thing.
This religious mode of thinking is the rot at the core of our society/culture. No good can come from superstition/dogma/illusion.
#22
You would have to go back to the late 1920′s to find a year when the government actually ran a surplus. A surplus is a reduction in the *total* national debt from the previous year. It simply hasn’t happened. The government does not know and/or want to spend less than it makes because there is no consequence to the individuals spending the money to do otherwise. Quite the contrary, they have an *incentive* to spend as much as they can before they leave office.
We need to raise tax revenue **AND** spend less. That presents two problems. First, no elected official wants to be responsible for cutting programs that affect their areas. Second, no one here believes the government when they say “We know we’ve screwed you in the past, but *this* time this tax increase is only for X”. There is a reason some States have no income taxes. It is because the population wisely did not believe the government when they said “It’s only .000001%. Why is that small amount a problem? We “just” need it for program X.” Thus, there is a fundamental distrust of government spending and taxing and that will only change when there are hard consequences for being anything other than fiscally responsible which means lowering the TOTAL debt.
#24–Thomas==assuming you are responding to me, yep. All candidates should submit 4 and 8 year budgets showing what they will be trying to accomplish and how. A yard stick if you will.
#18–Steve==sorry, should have added that FDR needed a depression which we narrowly avoided but TR only needed widespread corruption and a widening gap between rich and poor===just as we have now. Sadly, the worst recession this nation has ever experienced is not enough to create a mandate for change ((remember that a simple majority is no longer enough to pass legislation in Congress)). So–it has to get even worse. Maybe with the double dip that coming IF the American electorate can take those 30 minutes and figure out what got us here and vote their own economic self interest for a change. Right now, it looks a 50/50 bet the electorate would vote for the very policies that caused this recession. Thats why we are in this boat.
I caught 60 minutes on tape interviewing David Stockman. Informative. Key points: both parties affirm they will not cut any popular social program and won’t cut the military either. We have gotten used to the illusion of wealth by deficit spending. It was one thing when the Pukes constantly vomit up “TAX REDUCTION” as their bumper sticker dogma for the masses, but Stockman pointed out he was dismayed that Obama/Dems have it now too with the continued Tax Reduction for those making less than $250K. What insanity this?
I have assumed that the Obama Tax the Rich plan was sufficient to bring the budget back into balance (eventually?) but now I’d have to see the figures. It now looks like BOTH PARTIES want to deficit spend us into oblivion.
Taxaction of the public through currency devaluation is VERY DIFFICULT for the public to understand/appreciate/hate/vote incumbents out of office over. We are doomed.
With too many idiots confusing taxes with slavery, and grinding society inequality with freedom, and thinking “starve the beast” is anything but a bullet to the head====yes, we are doomed.
We are going to go past “pain” into something else. A religious conversion perhaps?
I’ve always known religion would do us in. Magical Thinking: we can spend and nothing bad will happen. Kinda like Global Warming, same thing.
This religious mode of thinking is the rot at the core of our society/culture. No good can come from superstition/dogma/illusion.
Yea, Verily.
The DemoPubs work for the Corps and the Wealthy, not for the rest of us !!! No solution there ! Vote Socialist !!!
#22
You would have to go back to the late 1920′s to find a year when the government actually ran a surplus. A surplus is a reduction in the *total* national debt from the previous year. It simply hasn’t happened. The government does not know and/or want to spend less than it makes because there is no consequence to the individuals spending the money to do otherwise. Quite the contrary, they have an *incentive* to spend as much as they can before they leave office.
We need to raise tax revenue **AND** spend less. That presents two problems. First, no elected official wants to be responsible for cutting programs that affect their areas. Second, no one here believes the government when they say “We know we’ve screwed you in the past, but *this* time this tax increase is only for X”. There is a reason some States have no income taxes. It is because the population wisely did not believe the government when they said “It’s only .000001%. Why is that small amount a problem? We “just” need it for program X.” Thus, there is a fundamental distrust of government spending and taxing and that will only change when there are hard consequences for being anything other than fiscally responsible which means lowering the TOTAL debt.
#24–Thomas==assuming you are responding to me, yep. All candidates should submit 4 and 8 year budgets showing what they will be trying to accomplish and how. A yard stick if you will.
Why doesn’t the Federal Reserve ever get any blame from the left or the right?
# 13 ± said:
”’
I notice that most of the comments are from R or D voters who got us in this mess. Voters who blame the politicians should be deported.
“Insanity: doing the same thing over and over again and expecting different results.” —– Albert Einstein
”’
Hey, we switch parties every four years or so, so your quote is invalid.
Insanity would be voting for a minor party.