Goobieman

Just a question...
Isnt inflation a form of 'wealth decline'?

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-Goobieman

ARealConservative

I would certainly say so.

But inflation is also a government statistic and is easily manipulated...the same is true with unemployment figures.

Nobody knows what actual inflation is at the moment, how could they?

Goldenboy219

Who's assets are denominated just in cash Having inflation along with a fixed loan gives you an advantage over a bank, where as the opposite is true in our current economic state. Prices are sensitive to decrease when it becomes an overall phenomenon, and combined with a loss in velocity, restricts revenues. Again, people with fixed loans are not always able to renegotiate interest which creates a painful scenario if wages begin to fall with prices.

During periods of inflation, money crowds into various bonds, allowing saving to exist. Anyone holding large sums of cash is just plain weird, unless it represents only a small fraction of their net worth.

I am not arguing for inflation in anyway, but deflation is even worse from my perspective.

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Truth Detector

Change we all can believe in eh?

Truth Detector

I still disagree with the "big" spending label on Republicans. There is a profound difference in that the Republican spending was primarily due to 9-11, the 9-11 commission recommendations and creation of Homeland Security, war in Afghanistan, war in Iraq and the devastation of Hurricane Katrina. In other words, it was NOT planned to happen; it was a string of unexpected disasters.

This is willful and borders on criminal negligence to spend this kind of money without ANY debate about how to pay for it all; BIG DIFFERENCE here folks.

Ethereal

Staying loyal till the bitter end, I see. I wonder what the Democrats will run out of first: money or apologetics.

Truth Detector

Gee, I thought Obama VOTED for all the deficit spending he inherited? It isn't like he didn't know about it is it?

There is a HUGE difference indeed; during Bush's administration the spending was mostly UNPLANNED as in the events of 9-11, the 9-11 recommendations to set up the Homeland Security, two wars and a major natural disaster in one of our major cities.

In Obama and the Democrats case, the willful continuance of spending vast sums of money they just don't have without any consideration or debate on how to fund it all borders on criminal negligence.

But we all understand why there have been NO debates on funding don't we? Aside from the fact that Pelosi and Reid LIED to the American people about transparency and fiscal responsibility in pay-as-you-go legislation, any talk about the tax increases it will require to pay for the trillions already committed, not even to mention the trillions contained in Obama's speech last night, would cause a revolt amongst the American people.

When the tab for all these programs is exposed and the taxes needed to cover it are requested, the American people will revolt.

Nothing happening now is unprecedented other than the desperate attempt to fear monger the American people in an effort to quickly pass spending legislation creating a vast expansion of Government into every aspect of American lives without an honest debate about how much this will cost the American taxpayer.

This will be one of the BIGGEST I-told-you-so's in American history before the end of this Left Wing Socialists first year in office.

It will have the American people scratching their heads wondering why they refused to listen to the Conservatives and Republican Party that warned this is what they would be getting.

It is amusing to see you parrot the Liberal talking points considering you aren't even an American but gleefully wish America to be as bankrupt as the Canadian and European systems are. After we get Universal Health Care shoved down our throats, there won't be anywhere for the world to turn for the major care no other systems provide with any kind of efficiency.

independent_thinker2002

As long as it's not voters.

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Truth Detector

That answer is simple; ALL OF US! Every single tax payer in America who earns an average wage for a day’s honest work will pay. On top of that, the greatest lie of all will be when they pass all the taxes onto the corporations and those companies will of course pass it on in the costs of their goods and services to further erode the average wage earners income. Top this off with runaway inflation thanks to the Government having to increase the money supply to pay for this HUGE influx of Socialism, which will erode our buying power even further.

But it doesn't end there, then we have to add the cost of regulations that increase taxes for US firms doing business in foreign countries and this will just shut down the US division’s profitability.

But it doesn't end there, we will also have protectionism and now the costs of higher labor and materials will also have to be born by the American consumer.

Yes folks, this change is a BOON only to the politicians whose power will expand beyond even that of Roosevelt. I hope the American people are ready to reap what it is they have sown.

GottaHurt

It's just beginning:

$200k for tattoo removal.

Michelle Malkin 9,000 earmarks in the $410 billion omnibus spending bill: Gang tattoo removal, Maine lobster, La Raza & more!

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