Quote:
Originally Posted by Pturner
Hi Richie,
I'm not sure I understand your question. For the U.S. (i.e., us) to avoid defaulting on our obligations, it might take everyone sacrificing something.
If you are asking me if sacrificing something could help, even if sacrificing everything would be counter-productive, yes, I think so. See: "law of diminishing returns," the principles of taking something to its logical extreme and "reductio ad absurdum" (reduced to the absurd).
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The point is that what this country needs to do is stop spending. Repeat; what this country needs to do is stop spending.
Ever hear the one that when you stuck in a hole, the first thing to do is stop digging. Of course you have.
Taking more of a share of the money from the people who are already paying the lion's share of everythings only purpose is for the morale of the majority. In other words, it's the class envy thing.
Waynet doesn't want to hear that the producers drive the economy and create the theatre for employment, so I guess I can't say that again, although it's irrefutable.
What this country needs to do is to stop spending and cut taxes. Oh No, did I just say that? Let me say it again; we need to stop spending and cut taxes, especially business taxes and capital gains taxes. You want to spur growth and business activity? Or do you just want to make the bastards who have more than you pay?