Showing posts with label tax and spend liberals. Show all posts
Showing posts with label tax and spend liberals. Show all posts

Saturday, October 11, 2008

cutting taxes... how long before we have to pay off the "visa" bill ?

cutting taxes (even when running a deficit) of course stimulates the economy like buying stereo equipment stimulates my happiness (even when I have a huge visa bill), but at some point I'm going to have to pay off that visa or else my "house of cards" will come tumbling down... (and nobody will loan me money or it will be at an extreme rate).. I owe money to chase bank like we now owe money to the Chinese... we can keep just printing more greenbacks but that devalues the dollar as we see now... a long-term weak dollar will weaken our military and our security...

while the democratic congress deserves some flak it's the president's administration that puts together the budget and the current neo-conservatives would have you think that we can just continue to run record deficits and continue to cut taxes and continue to borrow money and it won't matter because our GDP is some great that it doesn't matter, but as we now see, it does matter...

iraq... what a brilliant move... if we really had intelligence on weapons of mass destruction we should have gone in with the shock and awe, checked the entire country for WMDs, taken out Saddam and left... what about the vacuum that that we would leave you say? there will be a vacuum there if we leave after 3 months, 3 years, or 30 years... the united states thinks in terms of winning the war in weeks or a several years but the people in this part of the world can sit and wait for decades while we occupy and then resume when we leave... can't force democracy on people... better to set a good example of what democracy and freedom are all about, that is why the torture issues and lack of legal process are so disappointing at gitmo... when you start making exceptions such as; these guys are soooo bad they don't need legal process... that's a slippery slope...

-john

Thursday, October 9, 2008

my buddy Kevin suggests some links on "Tax and Spend Liberals -or- Tax, Spend, and Whine Conservatives?"

Try Charles Wheelan's writings...

http://finance.yahoo.com/expert/archive/economist/charles-wheelan/1

My favorite of his being (the one that made me start paying attention to his writings - is this one from August, back before the Wallstreet bomb)...

http://finance.yahoo.com/expert/article/economist/98587

* This does not include the potential $3Trillion just spent due to the financial crisis if things go south (thus potential). In other words the FedDeficit (as of this week) has the potential to "exceed" the current "total Fed Income" and that doesn't include projections of reduced Fed-Tax income. So at this point in time the Fed's potential liabilities exceed the entire income of the Fed Government for a year. To say that is a drop in the bucket is hardly something to swallow.

There are no Republican fiscal hawks anymore, that roll is now filled by my new buds - the Blue Dog Democrats. The Republicans are just about running the government like the Pharasee's did, moral issues for everyone but themselves / budgets be damned, we're not in debt. Evil Republicans, and even more evil is the AARP.

 

This one is so-so...

http://finance.yahoo.com/expert/article/economist/108425

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