Which way will you choose, more bottom up or more top down?

Quote from RCG Trader:

We would talking about a scenario where taxes are down because revenues are down because employment is down. When that happens, should the government say, "good luck with that" or should they do something?
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Say "good luck with that".
 
Quote from Artful D0dger:

Most "public works" are funded from local gas taxes, property taxes, and sales taxes. "Again study".

It's hard to have a serious discussion with someone who's too stupid to know the difference between "flat" taxes and "low" taxes.

If everyone's taxes are flat, at 88%, those are not "low" taxes, but they are still flat. Go contemplate on this profound and sophisticated concept. LOL!!
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You failed to answer the question. Please try again.:)
 
Quote from Lucrum:

Say "good luck with that".
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That's not politically viable Lucrum. We will see your senario play out soon enuf. California is going to default without federal help. Illinois will too most likely.
 
Quote from RCG Trader:

That's not politically viable Lucrum. We will see your senario play out soon enuf. California is going to default without federal help. Illinois will too most likely.
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Don't forget Texas.
 
Quote from Lucrum:

Maybe, but it should be.
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That's the point of the discussion really Lucrum. Traders are a self selected, informed and intelligent breed. We understand the fine details of the economy. If we have no answers, then there probably aren't any. That is what I told 777 in so many words, we are past the event horizon. Do you agree?
 
Quote from Artful D0dger:

Yeah, thanks to the fact they avoid that hocus pocus Keynesian bullshit.
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Fine, but they are still in a serious hole. Did they follow Hayek? Why are they in a hole at all?
 
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