Comments on: UPDATED: Thought Experiment in Statism (Economic Apocalypse?)

By: Robert Glisson

Robert Glisson — Tue, 26 Jul 2011 04:25:05 +0000

In seventy years on this earth and having read I don’t know how many history books; I have not seen so many liars or distortions told. Hitler and Stalin were both good and I understand Mussolini was great; but, none of them could hold a candle to the present bunch in the Administrative branch.

By: Myron Pauli

Myron Pauli — Mon, 25 Jul 2011 16:04:27 +0000

Ilana – we have no big philosophical arguments on the need to cut government. Milton Friedman CORRECTLY said that the size of government is the SPENDING, not the taxes or borrowing or printing. Geithner is obviously using the messy nature of hideously complex “tax code” (Reagan simplified it in 1987 only to have 24 years of Congress adding Christmas tree ornaments into the code) as a shield to keeping government large.

Still, the American population (including many “Tea Party” crybabies) always say (to pollsters) DON’T CUT X-Y-Z (“seniors”, “defense”, etc.). So I would love to see a nice annoying 20 cent gas tax increase – and, if possible signs at each pump. Some samples:

A picture of one of the Karzai cousin’s Kabul McMansions – “this Kabul mansion bought by your tax dollars!”.

Maybe a picture of military retirees on an Officer Club Golf Course – “this golf course for retired generals maintained by your tax dollars”.

What if one reduced the “over 65” tax deduction $ 1 for every $ 3 of Social Security received – is that a “tax increase” or a “benefit reduction”???? Well, I can answer that – it is POLITICAL DEATH at the hands of the AARP!

By: Roy Bleckert

Roy Bleckert — Mon, 25 Jul 2011 15:28:22 +0000

A Economy built on wealth creation will increase tax revenue based on expanding wealth

How Gov. can spur this is lowering taxes, cutting Gov. employees & Power & letting the private sector, individuals be able to succeed or fail based on their own talents & abilities !

By: Redman

Redman — Mon, 25 Jul 2011 13:42:16 +0000

Tell a lie loud enough and long enough and pretty soon everyone will believe it. Such is the case with US income taxes. See losthorizons.com for the amazing truth about taxation in America.

By: Gerhardt Goeken

Gerhardt Goeken — Mon, 25 Jul 2011 13:15:02 +0000

At this point I would say that the debt unmanageable. Even if balancing the load more equitably based on the ability pay, more taxes alone would never resolve it. Spending cuts would have to be so deep it would necessitate the USA giving up its superpower status and returning to pre-WW2 force levels. No USA politician would brave such a decline in world prestige. The solution as I see it is bankruptcy. The investors in US debt made a bad decision and continued to throw good money after bad. Now it is time for them to face the consequences of losses on their investments.

By: james huggins

james huggins — Mon, 25 Jul 2011 12:33:27 +0000

Spend on this, spend on that , spend on everything. Hire tens of thousands of new federal employees. Raise taxes. I have heard of tax plans that charge us for the miles driven by out vehicles. The next thing you know we’ll be charged each time we flush the john. Tax reform my left buttock. When are we going to stop being fleeced by transparently corrupt and not too smart politicians. I guess we aint so smart either.

By: Dennis

Dennis — Mon, 25 Jul 2011 11:49:57 +0000

OMG! Perhaps Timmy has come upon the same solution that Hillary deduced a few years ago, namely, a LOCK BOX! He’ll set-up Lock Boxes for each possible expenditure and he’ll certify that the monies in each will ONLY be applied for the previously designated purpose. MARVELOUS!

P.S. Why don’t all the politicians just make voluntary contributions towards reducing the debt…just write a check every week and mail it in to Treasury?