Quote:
Originally Posted by Villages Kahuna
I'm going to take economic advice from Rush Limbaugh? Richie, you must be kidding. I'm no economic whiz kid, but I've forgotten more about economics than Rush Limbaugh ever knew...other than his ability to negotiate mind-numbing contracts for himself that is.
"...forget economic growth" Rush says? All I'll say is do the arithmetic. In order for economic growth to be meaningful in balancing our federal spending with tax revenues, we would have to achieve increases in our GDP in the range of 10% per year for the next fifty years! And I might point out that the country has never even had one year with that kind of economic growth.
If I was making the kind of money Rush is, I wouldn't want the taxes on the wealthy raised either.
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The budget battle is more politics than economics. Everyone knows it has to be dealt with and the question is how. The Democrats, under Obama leadership want to spend this country into devolving 3rd world status. Rep. Paul Ryan has a plan and it needs to be heard and taken seriously. He is ahead of the curve on this.
Why are you scared to read what Rush has to say? I didn't know you knew him so well, and thus could discount him off hand being so much more informed on these issues than he is.
It tells me that you like to cherry pick where you get your information and you have a bias that's very revealing. At least I'm beginning to know where you hang your hat, politically, and that should help me in future discussions.