Quote:
Originally Posted by Villages Kahuna
This is one that everyone should read. It captures exactly what has been bothering me about what we see and hear every day, on TV, in the newspapers and even here in TOTV Political, where participants are supposedly thoughtful enough to want to be here.
Everyone should read this article. It is not tilted left or right, but an effort by the author to speak the painfully obvious truth. I'd find it difficult to believe that anyone, regardless of their personal political ideology, could refute what is said in the article.
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Not tilted left or right???
Come on...
What we see today is an American economy that has boomed because of policies and developments of the 1950s and '60s: the interstate-highway system, massive funding for science and technology, a public-education system that was the envy of the world and generous immigration policies.
BIG government spending.. and generous immigration policies (open boarders right???) ..
what about free market economy where hard work, and risk taking were rewarded...
There are some areas in which we are still clearly No. 1, but they're not ones we usually brag about. We have the most guns. We have the most crime among rich countries.
GUN OWNERSHIP IS BAD.. so slip in a gun control shot and tie it to most crime by implication where no actual connection exists.
Sure, the political system seems to be engaged in big debates about the budget, pensions and the nation's future. But this is mostly a sideshow. The battles in state capitals over public-employee pensions are real — the states are required to balance their budgets — but the larger discussion in Washington is about everything except what's important.
THERE IS NOTHING more important and of immediate concern than saving this country from bankruptcy and the resulting economic collapse. What is this country going to do on June 30th when QE2 ends and there will be no one to buy our debt. Right now the FED.. that is US buys 70% of our own debt.. and foreign govs buy 30%.. Anyone want to tell me where we get 14 trillion from to give back to those borrowers.. and worse yet.. what is the FED going to do with the money when we give it back to them.. burn it?.. of course not.. they have no intention of getting paid back.. they will leave it in the system to reduce the value of mine and your savings and assets.
Why do you think QE1 and 2 where even started?... hmm maybe because we could no longer pay the going interest rate so we just started printing our own money and loaning it to ourselves to keep the interest rate low.. and how did that effect all of our savings and cds/??? hmm.. killed them.. an invisible tax.
ON THE deficit commission recommendations:
They have been forgotten by both parties, in particular the Republicans, whose leading budgetary spokesman, Paul Ryan, praises the commission in the abstract even though he voted against its recommendations.
RYAN voted against it because it included huge tax increases. We have a spending problem, not a revenue problem.
We are cutting investments and subsidizing consumption — exactly the opposite of what are the main drivers of economic growth.
TYPICAL liberal bs.. Call spending INVESTMENT.. instead of what it is.. spending. HUGE amounts of educational spending was just plain political payoffs to teacher unions.. and social welfare.. far too many kids in school are getting free or reduced lunches... family of 4 eligible with incomes of 80k or more.. Lawyers on my staff were eligible.. In Iowa free preschool for everyone.. why?? So many before and after school programs it is ridiculous. Technology in schools where kids cannot even read. INVESTMENTS.. bull... welfare and political payoffs.
And neither side will even talk about tax increases, though it is impossible to achieve long-term fiscal stability without them.
THIS IS NOT TILTED LEFT? Are you kidding? The VAST majority of people on the right do NOT think tax increases are the answer.
Certain taxes — such as ones on carbon or gas — would have huge benefits beyond revenue, like energy efficiency.
YA. . OBAMA wanted this and stated it would necessary send the price of gas sky high... AND LIKE HUGE price increases to pay for the taxes.. and then libs will want to HELP the poor by paying their carbon and gas taxes.. and borrow or tax the "rich" which always trickles down to the middle class to pay for it..
Not tilted to the left or right .. are you kidding???
And all those interests are dedicated to preserving the past rather than investing for the future.
INVESTING.. YOU MEAN SPENDING.. not tilted left huh?
I did enjoy reading the article but to say it was not tilted.. read above..
JJ