Comments on: Debt Means Taxes

By: Vic Jones

Vic Jones — Tue, 21 Apr 2009 19:48:58 +0000

There are so many levels at which one can begin to critique the stimulus and bailout packages. If you’re family is in $10k of debt, why, unless you understood nothing about money and creating wealth, would you be ecstatic about receiving a credit card in the mail with a $15k limit.

The way out of debt is to produce. Production begets production begets wealth. None of which the government has the means to do. Fiat money and credit extension are not economic viability.

By: Steve

Steve — Tue, 21 Apr 2009 17:37:54 +0000

I’m curious….is Jeneane Garofalo a board certified psychologist or psychiatrist? She certainly sounded like she is at least a phd (pile it higher and deeper) in psychology.

Wait, she is an actress and a comedian, who has trouble acting or being funny. She appears to be the racist.

Keith Olberman seems to have a good “handle” on the term tea bagging. Makes one wonder……

By: Myron Pauli

Myron Pauli — Tue, 21 Apr 2009 08:02:13 +0000

It only makes sense for someone to incur a debt (business, person, or gov’t) if there is an investment being made that will pay off the eventual debt plus interest and make a profit. Can anyone point out something productive being done by the government?
The likely result of doubling the debt in 8 years of Bush II and 4 years of Obama is a ruinous inflation. But then we can ride the high speed rail into bankruptcy court? Or do we hock the F-22’s the the Chinese?