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Why even have a "debt ceiling" if you simply vote to raise it every two or three years? Since it hit a trillion dollars for the first time in 1981 it has been raised 33 times.
And how does the borrower determine their own credit limit? Isn't that usually determined by the lender(s)?
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You can tax people as highly as you want, and it won't be enough to pay for the gross mismanagement of funds by the gubmit.
I'm indifferent on the debt ceiling. I think they'll obviously raise it, but what difference will it really make? I'm convinced the only thing that will get us to right the ship, is a Greece like collapse. I'm not even sure we could right the ship with the amount of existing, and in place structural debt we have on our books.
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"The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him." Leo Tolstoy, 1897
You can tax people as highly as you want, and it won't be enough to pay for the gross mismanagement of funds by the gubmit.
I'm indifferent on the debt ceiling. I think they'll obviously raise it, but what difference will it really make? I'm convinced the only thing that will get us to right the ship, is a Greece like collapse. I'm not even sure we could right the ship with the amount of existing, and in place structural debt we have on our books.
there are 2 separate issues.....
one is the fact that the government is mismanaged
the other is the distribution of the tax burden........it is inversely proportional to the distribution of wealth in this country.....huge problem
On the subject of 13's 100% fact free "first come the tax increases..."
WHAT tax increases? We're at a historic low in taxation, and were already aberrantly low based on the Bush gifts to the rich. Then we had a bipartisan biggest-tax-cut-evah this winter. The Dems got their stimulus in tax-cut form in the Social Security tax cut, and the pubbies got their gifts to the rich extended.
So what the hell, 13?
We've been doing nothing but CUT taxes for decades. That is in large part why we're broke.
You can tax people as highly as you want, and it won't be enough to pay for the gross mismanagement of funds by the gubmit.
I'm indifferent on the debt ceiling. I think they'll obviously raise it, but what difference will it really make? I'm convinced the only thing that will get us to right the ship, is a Greece like collapse. I'm not even sure we could right the ship with the amount of existing, and in place structural debt we have on our books.
True point in the first paragraph, but I have an alternative solution to the Greek collapse. How 'bout we repeal NAFTA, withdraw all foreign troops and close the bases. That would be a good start. Then, in a year or two, we restore the tarriff system like every other country on the planet. Think the Owners would go alonf with that? I doubt it too. Maybe we need a Greek collapse.
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playing chicken with our future........in front of a big train that will make a mess out of everything.
but then again, it could be the exact thing that our culture needs in order to shift us away from a consumer-based economy to a happiness-based one
we as a people need to stop counting on instant gratification as a means of long term happiness
It is "instant gratification" combined with ego. Some people actually are obsessed with financial success as if it somehow reflects upon their standing in society. It's foolish game many play.
They want everyone to see "what they have"...the big house and the $100k car (or 2) in the driveway. Does anyone else really care what "they" have? I doubt it....
Sad, but true...
__________________ "No one walking this earth knows what is truly righteous"
True point in the first paragraph, but I have an alternative solution to the Greek collapse. How 'bout we repeal NAFTA, withdraw all foreign troops and close the bases. That would be a good start. Then, in a year or two, we restore the tarriff system like every other country on the planet. Think the Owners would go alonf with that? I doubt it too. Maybe we need a Greek collapse.
A US financial collapse would send the world into deep depression. When the world's largest, most successful nation/economy goes belly-up, it begins a chain reaction around the world...I doubt we could ever imagine the suffering if we did pull a "Greece" on our debt.
__________________ "No one walking this earth knows what is truly righteous"
On the subject of 13's 100% fact free "first come the tax increases..."
WHAT tax increases? We're at a historic low in taxation, and were already aberrantly low based on the Bush gifts to the rich. Then we had a bipartisan biggest-tax-cut-evah this winter. The Dems got their stimulus in tax-cut form in the Social Security tax cut, and the pubbies got their gifts to the rich extended.
So what the hell, 13?
We've been doing nothing but CUT taxes for decades. That is in large part why we're broke.
PFnV
Our corp tax rates are among the highest n the world. The dems will not entertain entitlement reform, see the recent budget negotiations and Obama in your face reply to the Ryan budget.
The taxes on individuals are too high, in addition to the federal income tax, payroll taxes (don't forget the matching employer portions) a person earning money has to deal with state income taxes, property taxes (even if you don't own a house it is 'built into' your rent, state sales taxes and in some cases municipal income taxes.
The idea that people who pay taxes are under taxes is ludicrous.
The administration proposes reducing the deficit by a combination of tax increase and spending cuts the taxes are first then the spending 'cuts' are phased in over time. of course the 'cuts' in spending never happen we have seen congress repeatedly play this game over the past 20 years,
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"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."
Re: Wagging the Dog
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