Comments on: Dead-End Debt Debate

By: Dennis

Dennis — Sun, 24 Jul 2011 16:03:30 +0000

Here’s some homework:

1. Research M1, M2, M3 Historical Levels for past 20 years and graph each level.
2. If available, do the same for the U.S. Gold Reserves for the same time period.
3. Research price of 1991 basic Ford Mustang and compare to 2011 basic Ford Mustang price.
4. Research and compare your local university’s fee per credit hour, in state, in 1991 vs 2011.

Get the picture? We cannot compete with the Government’s printing presses.

By: My RON-PAUL i

My RON-PAUL i — Sat, 23 Jul 2011 21:32:10 +0000

Bob Schaefer: Perhaps Republican “hot air” sounds better than Democratic “hot air” but I remember Nixon denouncing the Great Society in 1968 only to put on even MORE affirmative action, OSHA, EPA, Wage and Price Controls, take us off the Gold Standard, and numerous other hypocricies.

When I compare the actual spending and deficit records of “liberal” Clinton with “conservative” Bush, I am reminded of the Book of Matthew Chapter 21 verses 28 – 31:

http://www.kingjamesbibleonline.org/Matthew-Chapter-21/

When Republicans actually CUT government (probably when pigs fly!!), – instead of bellyaching about Democratic “waste” – wake me up!!

By: Bob Schaefer

Bob Schaefer — Sat, 23 Jul 2011 13:23:58 +0000

There is no “great difference” between the political philosophy of Marco Rubio and Barney Frank?

Those who dismiss the efficacy of the political process better “lock and load” for the “political fight” is sure to be carried to the streets sooner than they think.

By: My RON-PAUL i

My RON-PAUL i — Fri, 22 Jul 2011 21:06:35 +0000

Bob Schaefer: There are basically no “sides” in this so-called political fight (farce). Between TARP and TARP? Between Romneycare and Obamacare? Between Leaving No Child Behind and Leaving No Child Behind – Dream Downpayments and Dream Downpayments, etc…. The Democrats and Republicans are two rival dope peddlers working the general public with “borrow and spend” promises of a low-cost Welfare-Warfare state that is, fundamentally, unsustainable in the long haul.

You might claim to observe some great difference between the Democrats and Republicans but I think it is a flea
that got stuck on the lens of the microscope!

By: Robert Glisson

Robert Glisson — Fri, 22 Jul 2011 16:02:17 +0000

When Nixon took us off the gold standard, public debt became the new political candy; however, we were addicted to socialism a long time before that. Price supports, subsidies, unions, Central banking, minimum wage laws, strikes with government mediation. Our move to national taxation in 1913 or 16; with the government entering the business world and regulating everything from beginning to end at the same time raised inflation continuously War has became standard. We speak of government taxes as if they were only on income; however, there isn’t anything in the US that isn’t taxed today. Some items are taxed at the raw production level, then at shipping (47 cents a gallon of gas five years ago,) manufacturing and, wholesale and retail levels are also taxed, including the wages of all people involved. Companies began looking at the world to get away from excessive regulation and tax. Debt is only one part of the problem. If we cut debt in half, we would still be in trouble; because we still have all the other things that kneecap us.

By: Myron Skeptical Pauli

Myron Skeptical Pauli — Fri, 22 Jul 2011 15:56:04 +0000

Titanic America has finally “spotted” the iceberg (we probably don’t hit it for another 5 to 10 years). We had a slim chance to avert this disaster in 2000 when Clinton nearly “balanced” the budget but then Bush and his master Dick “deficits don’t matter” Cheney
did 4 really stupid things:

[1] Minor stupid – lower taxes that were probably needed to “politically” transition away from Social Security and Medicare/Medicaid dependency

[2] Major stupid – Start wars on Iraqis, Afghans, traveling Americans, etc. and other wasteful spending

[3] Bonus stupidity – encouraging the Federal Reserve Fannie Fredding Bankster Housing Bubble

[4] Colossal stupid – Add new burdens to Medicare/Medicaid

The easy things to cut (which are not being done) are agribusiness, HuD, Education, NASA, and Warfare. The harder one is Social Security. And the 900 lb debt gorilla is Medicare/Medicaid – yes “we” can put a “man on the moon” and we can keep one old lady alive on a machine for years but we cannot keep 100,000,000 elderly around for decades on non-existent money!

A credit-card Democracy, addicted to living beyond its means, is not going to solve this. This budget is so out of alignment, it is tragic – ICEBERG AHEAD!

By: Bob Schaefer

Bob Schaefer — Fri, 22 Jul 2011 13:45:39 +0000

An outstanding article, Ilana.

Your economic argument — and Ron Paul’s — is correct, but it begs the question: How do we peacefully reform a society wherein statism and Marxism have become entrenched in the popular culture if not by political means?

Yes, clear-thinking, classical liberal commentators like you are essential to educating a wayward populace. But Ron Paul is a Congressman not a pundit.

Although Ron Paul opposes “Cut, Cap and Balance,” Rand Paul endorses it, not because it is the “perfect,” but because it is the “good.”

If Ron Paul’s ideological principles are so inviolate that they prevent him from choosing sides in this political fight, then perhaps it is well that he is retiring from politics. He’s always been more effective as an educator than a politician anyway.

By: james huggins

james huggins — Fri, 22 Jul 2011 12:55:11 +0000

When is the American public going to come to the realization that all the big problems facing us just get bigger and more confusing when our political leaders in Washington get involved. No dilemma gets solved. They just get more complicated and expensive. We need oil. As long as I can remember a controlling faction in our government has stopped us from drilling and we have stood by. We don’t like it but we do nothing but protest. Most of us believe man made global warming is a hoax but because the audiences on Oprah and Letterman don’t agree we stand by while government still persists. Most of us didn’t want Obamacare but we got by hook or crook. Mostly crook. On the Nature channel I see Wildebeest bulls pawing with their hooves and threatening with their horns but the lions just laugh and eat the luckless beestie or else he runs away. That’s the way the lions of government look at us. I for one am sick of it.

By: Dennis

Dennis — Fri, 22 Jul 2011 12:08:11 +0000

Let’s just PRINT our way to prosperity?

Please visit the LINK and forward it to your Congressional Reps and Senators. Even if they do not understand what they are doing to us, show them you understand and that they will pay the price in 2012.

http://mises.org/daily/5420/The-Liquidation-Phase-and-Profit-Margins