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  1. #21
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    You don't burden a weak economy with more taxes and red tape, how the hell do you expect the private sector to grow?
    And you always make spending cuts part of the deal, or defecits will grow larger.
    A monitary policy that deliberatly weakens the currency doesn't help either.

  2. #22
    Don't Judge Me! Haphazard's Avatar
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    I say we try the Tea Party congressmen for treason.
    -Carefully taking sips from the Fire Hose of Knowledge

  3. #23
    Senior Member jimrckhnd's Avatar
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    Quote Originally Posted by Tantive View Post
    You don't burden a weak economy with more taxes and red tape, how the hell do you expect the private sector to grow?
    And you always make spending cuts part of the deal, or defecits will grow larger.
    A monitary policy that deliberatly weakens the currency doesn't help either.
    Neither are you going to grow a private sector with a poor credit rating and/or government fiscal balance sheet. As I've said over and over if "tax and spend" isn't optimal "spend and not tax" is suicidal. The American people expect and demand a certain level of government services. As certain economies have proven that is not necessarily a recipe for economic stagnation. However, you cannot have government services without taxes. You also cannot indefinitely have low taxes and high services (like running two wars "off the books").

    The pragmatic, rational and ADULT position is to sit down, figure out what the expenses are and adjust income accordingly. It doesn't mean not addressing the need for economies but there is a base line of government expense that WILL NOT GO AWAY. We need to start paying for it.
    Never underestimate the power of stupid people in large groups

  4. #24
    Senior Member jimrckhnd's Avatar
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    Quote Originally Posted by Haphazard View Post
    I say we try the Tea Party congressmen for treason.
    Treason no. Criminal stupidity? You may well have a case.
    Never underestimate the power of stupid people in large groups

  5. #25
    Don't Judge Me! Haphazard's Avatar
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    Quote Originally Posted by jimrckhnd View Post
    Treason no. Criminal stupidity? You may well have a case.
    Then let's do it.
    -Carefully taking sips from the Fire Hose of Knowledge

  6. #26
    Senior Member Eckhart's Avatar
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    While the American debt credibility might be doubted, I find it even more dubious that private rating agencies have so much power.

  7. #27
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    Quote Originally Posted by Eckhart View Post
    While the American debt credibility might be doubted, I find it even more dubious that private rating agencies have so much power.
    This.
    -Carefully taking sips from the Fire Hose of Knowledge

  8. #28
    Senior Member jimrckhnd's Avatar
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    Quote Originally Posted by Eckhart View Post
    While the American debt credibility might be doubted, I find it even more dubious that private rating agencies have so much power.
    Meh. They are part of the financial services industry so by extension what you are saying is that sector has so much power. In essence all the ratings services do is function as an outsourced activity that banks used to do in house in the old days. Of course the idea is you get better analysis at a cheaper price by going to a specialized vendor. The down side is... if they are wrong everybody is working from a shared set of faulty assumptions.
    Never underestimate the power of stupid people in large groups

  9. #29
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    I love how the GOP insists on cutting the budget instead of raising taxes, but at the same time only targets entitlement programs for cuts.
    I love how the Dem's force the most costly parts of our budget, unfunded entitlements liabilities off the table.

    Two sides to every coin buckaroo.

    Both sides are going to have to give up on their golden calves if we are to make our way out of this.

  10. #30
    figsfiggyfigs
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    What goes around comes around.

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