DomYngBlk
Posts: 3316
Joined: 3/27/2006 Status: offline
|
quote:
ORIGINAL: DarkSteven quote:
ORIGINAL: Brain You’re being silly. Of course I don’t mean minting it. I mean owning a business, employment etc. Here are 10 ways, http://ca.askmen.com/top_10/entertainment/top-10-ways-to-make-more-money.html Looting = Halliburton and Wall Street - These guys are Republicans not Dems We need to do what Krugman says to fix the deficit. You can’t balance the budget only cutting spending. 60% of the deficit will be eliminated simply by ending the Bush tax cuts. And Gates said cut defence spending so why don't they? 1. I was not being silly in the least. Your post was vague and incoherent and I was taking my best shot. What you call "making money" is more usually described as things like "expanding the economy". What you described was NOT making money, but producing more goods and services within the economy that have tangible value. Economic activity that adds value. 2. Glad to hear that the TARP was conceived of and approved of by the GOP and that the Dems voted against it, every single one. Brain, the history is that the Bush administration created that abomination and sold it to Congress and that there was bipartisan support for it. And that the Obama administration continued the policy. I have no idea why you think that only the GOP is for it. As a matter of fact, the most virulent opponents of it are the Tea Party, which are in the GOP, albeit uneasily. 3. You can't focus on the deficit alone. It would be trivial to zero out the deficit by deferring all bills till next year. The debt is the accumulation of the annual deficits, and is the real enemy. (In calculus terms, it's the integral of the deficits.) Your statement that the deficit cannot be eliminated by cutting spending alone is ridiculous - obviously, if we continued to tax at the current rate and cut government spending to zero, we'd have a massive surplus. It's completely unfeasible, but if your statement about what is possible and what isn't is supposed to include feasibility, then you misrpresented the situation. And frankly, there is NO workable solution to the mess that is not going to be horribly painful, so that you could say that no solution is truly feasible. Edited to add: quote:
ORIGINAL: Brain You guys don’t give a sh*t about the deficit or social security as long as you make money. Brain, do me a favor and try to use words more precisely. You are using the term "making money" in several different ways, all at once. 1. Economic activity is a GOOD thing. Understand that. It provides goods and services, it pays people's salaries, it makes stockholders happy. And, yes, it does pay taxes as well. 2. You are using the term "making money" to include both economic activity, and also money which is retained after taxes. You have a bias that rich people should pay more taxes. Thus, you are blending a good thing (economic activity) with something that is bad in your eyes (rich people retaining money that has been in your opinion not sufficiently taxed). 3. Taxes are nothing more than a device for converting individual money to government money, and the government's function (economically) is nothing more than allocation of resources. You obviously feel that money used on social programs is a good thing. You are correct in that we overspent. The problem with hiking taxes is severalfold. One, the rich are adept at exploiting loopholes. Two, there is the standard conservative argument, which is that the prospect of big earnings is what drives formation and growth of companies - if it wasn't for the disproportionate rewards, everyone would want a desk job and no companies would be formed. (I'm not buying into it 100%, but I can say that I've run two unsuccessful businesses and gave them up for "normal" jobs once I found the rewards weren't there.) Three, you never solve someone's drinking problem by giving them more booze. The government cannot be trusted with more money to solve their current problem until they show that they're capable of handling it properly and won't just continue to outspend. Show me a Teabagger that was against the bailout of the banks? I think you are confused
|