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A must watch video, Obama's radical tax plan...
- Thread starter Mvic
- Start date
Quote from Pa(b)st Prime:
You don't get it. Obama WILL NEVER "cut" spending.
He is the catalyst of America going full blast Socialist.
The old, sick, poor, black and brown all want your money, gringo/honky. The whole country is either on the dole or so geeen with envy that the emerging class war may actually be a war. Besides what makes you think Obama has plans to cut military spending?
It's quite obvious. Even you, Pabst, should be able to figure it out. Get out of Iraq = reduced military spending. (sorry to have to spell it out for you.)
The remainder of your post is nonsensical conjecture.
And who is to say Obama won't spend every "saved" penny on welfare, "education," and whatever else makes up his own vision of the next Great Society?
Quote from piezoe:
It's quite obvious. Even you, Pabst, should be able to figure it out. Get out of Iraq = reduced military spending. (sorry to have to spell it out for you.)
The remainder of your post is nonsensical conjecture.
Quite surprising how few of you can see past your own narrow, self-interest.
Those who believe that we can spend our way ou of the hole we are in are as bad as the ones who think we can "save" our way out of it. The only solution is to grow our way out and we have to do it in a much more competative world than we have ever faced before. We need a government that is as growth friendly as possible and not one that handicaps entreprenuers before they even incorporate.
For all those who say the Bush tax cuts did nothing for the economy, well, again I ask where would the economy be now if we had had the Bush tax cuts without 9/11, Afhghanistan/Iraq, Katrina? Remember where the economy was when Bush inherited it? He wasn't exactly dealt a great hand to start with but if he hadn't had a progrowth economic policy we wouldn't be talking about if whether we are headed for a recession or not, we would be firmly entrenched in a deep one.
If we don't take concrete steps to grow our way out of the fiscal hole not only will we miss out on a great deal of the potential benefits of the global Bull market but we will also continue to lose ground to other nations economically. Why don't we ask Argetinians how well austerity measures work? Even the IMF admitt that those draconian measures instituted to service their debt were the wrong way to go in hindsight.
The growth has to come from the market sector and not the public sector. Look at what happened to the Soviet Union and China trying to grow under a command economy (Obama wants to grow using the Public not the private sector), it doesn't work. Now that they have allowed the market sector some freedom they are growing like the clappers. They are coming off a very low threshold so can still afford the significant impediments that their systems impose on business (especially with respect to the Chinese economy), also the Russian are oil rich, but in the US we have a far more sophisticated economy that is far more sensitive to policy impediments to economic growth. In this era where the playing field is more level than it has been in our economic history we need the edge that a progrowth fiscal policy can give us to be able to compete with economies replete with hungry billions who are all want a piece of the global pie.
For all those who say the Bush tax cuts did nothing for the economy, well, again I ask where would the economy be now if we had had the Bush tax cuts without 9/11, Afhghanistan/Iraq, Katrina? Remember where the economy was when Bush inherited it? He wasn't exactly dealt a great hand to start with but if he hadn't had a progrowth economic policy we wouldn't be talking about if whether we are headed for a recession or not, we would be firmly entrenched in a deep one.
If we don't take concrete steps to grow our way out of the fiscal hole not only will we miss out on a great deal of the potential benefits of the global Bull market but we will also continue to lose ground to other nations economically. Why don't we ask Argetinians how well austerity measures work? Even the IMF admitt that those draconian measures instituted to service their debt were the wrong way to go in hindsight.
The growth has to come from the market sector and not the public sector. Look at what happened to the Soviet Union and China trying to grow under a command economy (Obama wants to grow using the Public not the private sector), it doesn't work. Now that they have allowed the market sector some freedom they are growing like the clappers. They are coming off a very low threshold so can still afford the significant impediments that their systems impose on business (especially with respect to the Chinese economy), also the Russian are oil rich, but in the US we have a far more sophisticated economy that is far more sensitive to policy impediments to economic growth. In this era where the playing field is more level than it has been in our economic history we need the edge that a progrowth fiscal policy can give us to be able to compete with economies replete with hungry billions who are all want a piece of the global pie.