
Monday, October 13, 2008
Saturday, October 11, 2008
cutting taxes... how long before we have to pay off the "visa" bill ?
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/1My 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