justin_o_guy2 wrote on 03/27/13 at 07:56:44:


That's pretty optimistic of you, JOG... assuming you'll live that long without the DHS getting to you first.


--Steve

Seems like travel should be slashed.
Did you see Biden's last Paris Hotel bill?
nearly $600,000
Have they ever heard about telecom?

serious, cut the waste.

srinath wrote on 03/25/13 at 16:21:33:


I would go with something fair, like a 10% flat tax that would reduce eventually to around 5% and the Fed would be out of the welfare business, that is better facillitated by the states. More caring, more personal and more need driven.

Bill -
Unfortunate, but you are right.

bill67 wrote on 03/27/13 at 13:54:38:


It would take Bush 32 years to spend what Obama has done in his first 4 years in office. That is with two wars!! While I am not an advocate for war by any stretch of the imagination, the wars were not what has damaged our economy. It's the growth of federal government fueled by taxes. Taxes are the steroids that government is addicted to and Greece is where we are headed when we hit rock bottom.

Dane Allen wrote on 03/27/13 at 15:59:23:

What is your suggestion on paying off our debt,We could stop sending tomorrow that don't pay off our debts.

Dane Allen wrote on 03/27/13 at 15:59:23:



Costs of war hit several years after a war. The biggest claims from WW2 were in the mid/late 70's. Certainly that would be a cue to you to blame Carter then huh.

Anyway we are seeing a huge number of people coming back alive, but greivously hurt (when they'd have died on the field in the past) and its costing us $$$.

Plus Baby boomers have started retiring. We pay them when they do as we are obligated to, In fact its shot up form 0% under bush (the oldest was 62) to like 5% in the 5 years of Obama - cos they are now 67.

Baby boomers also are not dying, but needing treatment - ergo we pay them too. Again 0% under Bush, 5% under Obama - what is that as a percentage increase Dane ? yes infinite % increase.

Then we have a crumbling infrastructure which Obama is starting to fix. Bush ignored this. Again an infinite percentage rise.

I could go on and on.
Basically Obama is spending $$$ on good things. Like repair, rebuild, retirement and treatment when true interest rates are near negative. Bush spent it on unfunded Wars based on his prejudice with bad intel as cover, and by inflating a financial bubble with the primary idea of deflecting the attention from a failing economy and bailing out his friends when the bubble deflated when interest rates were though not big, they were definitely positive.

You can spend trillions when interest rates are near 0 and inflation is 3-5% and if you spend 100 trillion, you need to return 97-95 trillion.

You can borrow from foreigners as much as we want as long as it is in USD and print it and hand it to the when they decide they want it back.

Yes printing $$$ hurts ... not the people who spend most of their income every month - it hurts those who got a huge stash of cash. We dont care, we can print, except the super rich, dont want us to do that.

Cool.
Srinath.

Dane Allen wrote on 03/28/13 at 12:33:41:


See the republicon problem - sentence completion ... they always leave that open.
For example: We are bringing in historically high levels of taxes off the middle class and the poor. We need to extend that courtesy to the rich.
Example 2: The economy is doing so bad after collapsing under bush, and slowly crawling back up.
Example 3: 3.5 trillion is spent because of 2 unfunded wars and a whole bunch of unfunded obligations which have just come to the payout stage due to baby boomers retiring.
Example 4: If we lowered business taxes and beld the middle class and the poor dry, then not only can we pay off the debt, we can help the rich, the super rich and the uber rich (see that is all 3 classes of people) by making their $$$$ stashes worth more and more that they can all move up, for example the Rich can become super rich, the super rich can be Uber rich, and the Uber rich can become mondo rich - and that's what we call all around upward mobility.

Yea see its good for all 3 classes of people.

Cool.
Srinath.