It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
"Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911
Some idiot in here said that the 81 recession was worse than this one, Which, obviously (if someone took 5 seconds to look at the graph), it was not.
The argument was that Reagan tripled the debt to pull us out of a short and shallow recession. So, why gripe when Obama wants to increase the debt a fraction of that in order to pull us out of a much deeper and longer lasting recession, one which is almost as bad as the Great Depression.
Last edited by calamity; 10-04-13 at 02:13 PM.
The depth of your partisan lunacy is reflected in blaming Clinton for 911 when clearly it was Bush that dropped the ball and ignored multiple warnings with thr infantile explanation that he thought Sadaam Hussein was "tricking us" and they weren't real Alqeada leaks. The depth of that stupidity could only be matched by minds like yours. You are like peas in a pod.
So besides starting a war with a lie for the justification, dropping the ball on 911 and Katrina and bankrupting us with a lopsided tax cut for the wealthiest leading to the highest deficits ever in our history, Bush also presided and encouraged a real estate bubble that resulted in a worldwide financial meltdown and a 6 Trillion dollar loss in home equity of every American along with the worse recession since the 1930's. How any sane person can call that a successful Administration is beyond me.
Last edited by iguanaman; 10-04-13 at 02:26 PM.
Continue to buy what the left elites tell you and ignore the actual economic policies and leadership that led us out of the 81-82 recession compared to the lack of leadership today because that doesn't suit your ideology and political beliefs. You want badly to believe that totally incompetent President we have today who somehow believes that bigger govt. and massive dependence somehow creates economic prosperity. A President that believes the private sector will continue to create jobs and economic growth by penalizing it with increased costs and regulations. You are part of the problem and never will be part of the solution because quite simply you live in a liberal dream world that simply doesn't exist.
Last edited by Conservative; 10-04-13 at 02:27 PM.
Also, take SS, for example... SS is not funded by ordinary T bills, but by special Treasury issues that cannot be sold as securities. Think about that... Learn about that and then consider whether or not intergovernmental dent is unimportant.
The govt. doesn't owe itself a dime, it is owed to the taxpayers. Where do you get this bs information? All this is nothing more than an attempt to divert from Obama's poor economic performance. One of these days that light bulb is going to go off in that head of yours and hopefully it isn't too late.
I really feel sorry for people like you, guess there is liberalism in all of us. You simply aren't mature enough to admit you are wrong on any issue. It is liberals that always place blame and never accept responsibility. Now answer the question
But where does that money come from when that bond is paid? Is it pinned to productivity? Nope. It is purely an inflationary pressure. It is purely an increase in currency.
That doesn't mean that inflation happens when a bond is paid, but in means that the central bank is forced to push deflationary measures to counter it.
The figures from the CBO are the correct ones. You've been hoaxed and I can't believe it is the only time. Partisans are such easy marks.
Last edited by iguanaman; 10-04-13 at 02:40 PM.