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The federal government is not funded with tax dollars. It's not like the US is printing trillions of dollars to cover the debt. The federal government is self financing. Gov. spending creates dollars. Taxes destroy dollars.I don't know what you guys think is going to happen if Romney is elected. Romney or Obama, it doesn't matter, that debt clock is going over $20 trillion. SS, Medicare, and Defense account for every penny that is taken in in tax revenues and neither one will touch these programs significantly. Just servicing the old debt will cost $4 trillion over 4 years, that's one of the primary reasons it has surged under Obama.
The federal government is not funded with tax dollars. It's not like the US is printing trillions of dollars to cover the debt. The federal government is self financing. Gov. spending creates dollars. Taxes destroy dollars.
Debt is necessary to society's economic well-being. Deficits are necessary. When the government takes dollars out of the economy to balance the budget, boom goes the dynamite, and we are hit by recession. Clinton balanced the budget and Bush got the recessionary result.
The US's capacity to create dollars through spending is infinite in theory limited only by inflationary concerns. We are not concerned with inflation from that angle. In fact, the only phenomenological proof of inflation is tied to energy and its costs.
Clinton balanced the budget and Bush got the recessionary result.
No.Of course debt's necessary. But at some point you have to look at something like our debt and realize it's unsustainable. Our healthcare system is fucked and terrible. Fighting all of these unjust wars is pointless and yielding nothing but bad PR for us. Of course the government isn't funded with tax dollars but tax dollars are the dependent variable of the large experiment that is out economy. When more money goes in to something than comes out of it you have to cut the cord.
We've all heard that it takes money to make money, but at some point every good businessman has to know when to cut and run. The net yield from our economic system is negative and getting progressively worse. And if our government was self financing we wouldn't be in so much debt to China.
Even if you ignore defense look at SS and Medicare. Our problem isn't that the moneys from these programs wasn't invested well or that healthcare is so expensive. Our problem is that the natural result of making shitty food cheap and making it easy for people to do no physical activity on a daily basis is poor health that can't be fixed with medicine. Something like 80% of our medical costs go to preventable chronic disease. You can't throw money at that situation as it inevitably leads to throwing more money at it down the road. These are all poor investments and directly linked to poor financial decisions our government makes. These poor financial decisions are either going to need to be fixed in the form of removing farm subsidies and requiring physical activity (Not going to happen), or throwing more money at the problem which will eventually lead to higher costs. Those costs are going to have to be offset with taxation. Look at what happened with cigarettes. People didn't all of a sudden start reading research and realize they were bad, the cost of cigarettes went from $1.20 a pack to like $8 and people lost interest. Those that didn't paid a higher price and that money went to help fund the downstream consequences of their actions. Taxes don't destroy dollars, they influence behavior and should be used accordingly. Don't want companies outsourcing jobs? Provide tax incentives to stay here or hammer companies who outsource with higher taxes to offset the savings they make by hiring overseas and they will stop doing it.
You are incorrect. I can prove that balanced budgets cause recessions. You cannot prove your point. You can only offer up anecdotal evidence to prove your point. If you have any real proof, I'd like to see it. Don't interpret this as disrespect. I was slammed by Monetary Sovereignty too.Clinton balancing the budget had nothing to do with the 2001 recession.
the recession of 2001 was purely based on the markets and over investment in the tech sector when that bubble burst it effected capital far more than labor. those of us that work and were working in the tech sector then know of this first hand. our sales at Agilent decreased from 20B to 1B in 3 quarters while our entire payroll was over 1B. we were the largest manufacture of telecom test equipment in the world. needless to say that lead to massive layoffs, etc.
some recession have similar causes of others while some do not. the recession in the early 80's had to do with high inflation and the fact that tax brackets had just been adjusted in the late 70's and that bumped many into higher brackets. this helped to fuel the fallacy of supply-side tax cuts "working" when there were many more underlying factors at play. in economics there is never one cause just like there is never one solution, the "magic bean theory" just doesn't exist in reality and that one simple change can turn an economy around. sadly many believe this time and time again
What the hell are you trying to say?Gary Johnson on All But Three Ballots
September 12, 2012
The Libertarian Party reports that Gary Johnson will be on the ballot in at least 47 states, plus the District of Columbia.
The party is involved in litigation to get him on the ballot in the three remaining states, Oklahoma, Pennsylvania and Michigan, where a judge ruled last week that Johnson could not appear on the ballot because he also ran as a Republican in the state?s February presidential primary.
Johnson is already on the ballot in two more states than the 2008 Libertarian nominee, Bob Barr.
Barr, a former Georgia congressman, won just 0.4 percent of the national vote. But in Missouri and North Carolina, the two closest states in 2008, he won enough votes to flip the outcome.
Gary Johnson on All But Three Ballots - Reason 24/7 : Reason.com
Would be nice to see him in the debates so the nation can see a different political view on govt. The powers that be will never let that happen. it's goes against the two big govt political parties
Ron Paul is a Randian moron. Don't waste your time son. Get an education. Paul is a diversion.Bump for Ron Paul
What the hell are you trying to say?
Ron Paul is a Randian moron. Don't waste your time son. Get an education. Paul is a diversion.
Not really. The federal government is huge. Giant. Did I say it's big? It is. My dong is not even in competition with its size. That means it's huge.I'm saying the two parties rep and dem support a huge expanding govt. it would be nice to see a small govt candidate in the debates, so people can see how phony the two main parties are. do you understand what the hell I'm saying now?
Right. Ron Paul is a visionary whom tells it like it is. You're a child. Keep reading.the same can be said about you, but I won't say it......
You are incorrect. I can prove that balanced budgets cause recessions. You cannot prove your point. You can only offer up anecdotal evidence to prove your point. If you have any real proof, I'd like to see it. Don't interpret this as disrespect. I was slammed by Monetary Sovereignty too.
http://rodgermitchell.com/TotalPublicDebtvsRecession.png
http://rodgermitchell.com/totaldebtvsinflation.png
No.
You are not understanding what I am saying. The US has an infinite capacity to create dollars limited only by inflationary concerns. There is no unsustainable debt. It's a matter of values ... not spending.
The US healthcare system is not limited by governmental spending. The high healthcare costs lie elsewhere.
Dale, you're the funniest guy on this site. But I'm not going to tackle the Randian bullshit you're printing in that third paragraph where people just happen to get what they deserve. Throwing money at a situation happens to work. The only time it does not work is when the money managers are fucking crooks. If you want to get into a debate about the culpability of the fucking slime cigarette industry and its predation of the public, I'd be happy to be part of that.
Taxes do destroy dollars in the economic sense. The US does not depend on tax revenue to pay its bills. The major and, as far as I'm concerned,only purpose taxes serve is to stop the accumulation of wealth. It is, as you pointed out, a behavioral exercise. Your point that taxes influence behavior does make sense. And it is not inconsistent with my ultimate point about taxes.
Taxes do destroy dollars in the economic sense. The US does not depend on tax revenue to pay its bills. The major and, as far as I'm concerned,only purpose taxes serve is to stop the accumulation of wealth. It is, as you pointed out, a behavioral exercise. Your point that taxes influence behavior does make sense. And it is not inconsistent with my ultimate point about taxes.
There's a reason why a Libertarian hasn't ever been president (nor ever will be)-- It looks good on paper, but would lead into a dictatorship.
There's a purpose for Government.
Not really. The federal government is huge. Giant. Did I say it's big? It is. My dong is not even in competition with its size. That means it's huge.
Small government dreaming is a romantic throwback. It's not possible in modern society. We have to work with what we have. It's best you marry yourself to that understanding.
how so?
How so what?
Not really. The federal government is huge.
Ron Paul - $41,077,461
Ron Paul: Campaign Finance/Money - Summary - Representative 2012 | OpenSecrets
Romney
$446,135,997
Obama
$715,677,692
2012 Presidential Race | OpenSecrets
* capital choose who it wanted to be POTUS and it wasn't Ron Paul. when the supreme court decisions gave capital the same "rights" as the individual in the US, democracy died....
It all comes back to the media blackout of Paul. you can't get many donations if no one knows you're a top tier candidate.
