Quote from MYDemaray:
It is incumbent upon us as Americans to create our own jobs. It is not incumbent upon our government to do it for us. Asking the government to create jobs is like asking for one more handout.
Do tax cuts stimulate the economy? Perhaps -- but only when they are coupled with disciplined fiscal spending and a reduction in the federal budget.
Getting rid of tax cuts is not necessarily the answer. That's akin to telling a company like GM that's hemorrhaging money that it should do a secondary equity offering. Sure that would help pay down the debt, but it wouldn't make the company more productive. It's just a change in capital structure -- not a change in corporate performance. Now, shedding unproductive divisions and cutting money-losing business segments is an answer that's aimed at changing performance.
Government is an inherently inefficient allocator of capital and as such a smaller goverment is generally better for the economy. It doesn't matter how citizens fund it -- through debt (treasury bills and notes) or equity (taxes). The investing merits should always be separated from the financing structure. The investment merits of government should rest upon its ability to provide more efficiently and effectively goods and services that cannot be provided for or are not practically feasable in the private sector. It boils down to a utiltiy function. National defense, a national highway system, etc. -- all better provided by a single government entity than assembled like a piecemeal patchwork.
In the end it comes down to guns vs. butter -- simple as Econ 101.
Quote from DrChaos:
I know, I know.
Since taxing the rich obviously is bad, why don't we eliminate their taxes, and get all the necessary money for government functions by a flat tax on everybody else---we don't call them poor, they are the 'pre-rich'. Make them pay $100k per year.
Those who are unable and unwilling to pay because of insufficient supply-side enthusiasm may lease their citizenship rights via a work-unit-contract for a certain number of years (called "slavery" by traitorous liberals), and upon certification for good political behavior, they may have their debt reduced by combat service in military ranks.
Quote from Covertibility:
Anyone wanna bet we'll get an inverted tax curve by 2010?
If the rich wanna cry about taxes why not move to Communist China. At least they'll be closer to their manufacturing plants.
Quote from flyingiguana:
why not make the government more efficient and accountable? would never happen because it would require major changes to the political system
a government can be efficient if that was the goal of the government. never is though
Quote from EqtTrdr:
so payrolls today came in at +193???
but birth-death model created 193k..lol
2 funny
http://www.bls.gov/web/cesbd.htm