Monday, July 18, 2011

8/2/11 is the new Y2K

To hear Obama and the Democrats (and Shaw) talk. Peggy Noonan is right, why can't the issue of taxes be separated from the issue of spending and be hashed out at a later date? Can't screw the rich be dealt with another day? Government needs to go on a diet and yet raising the debt ceiling yet again will be like putting off your diet for the umpteenth time. The case could be made the other way around that constantly raising the debt ceiling will lead to a worldwide financial crisis and as my friend once said maybe we need a Chinese boot up our ass.

6 comments:

  1. If anything, the debt ceiling should be lowered, seriously, you are right, if you need to go on a diet, you need to reduce your temptation and reduce your consumption. A balanced budget would be a nice start.

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  2. And stop looking to the rich to pay more, I don't care if their tax rate was higher before, that doesn't mean it was right then to over burden them, nor is it right to do so now.

    If the Warren Buffets of the country think they pay too little? Guess what, they can voluntarily pay more the the IRS.

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  3. The U.S. has a history of default not to mention a history of shirking their Constitutional obligations with respect to the nation's currency and the devaluation thereof.

    The Continental Currency Default of 1779

    The Default on Continental Domestic Loans

    The Greenback Default of 1862

    The Liberty Bond Default of 1934

    The Momentary Default of 1979

    http://mises.org/daily/5463/A-Short-History-of-US-Credit-Defaults

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  4. & we're still here, the World didn't end. How often does the President and the Democrats say the rich need to pay their fair share? What, they haven't been paying their fair share up until now?

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  5. The top 1% of taxpayers paid more than the ENTIRE BOTTOM 95% of taxpayers. It actually isn't fair, except the libs think it isn't fair to the 95% while I think it isn't fair to the 1%.

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  6. And I don't think it's fair that government is the only good/service that fluctuates based upon a percent of your income.

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