In response to:

House Passes Ryan Budget, 221-207

AmericanLiberal Wrote: Mar 21, 2013 9:29 PM
Petrus:***Well, if they can just print money, why are we paying taxes then? Just print what they need and all will be good... (you do realize what the Central Bank's agenda is globally?*** Because taxes are an anti-inflation agency. Taxation destroys money, just as government spending creates it. Taxes are the way to keep demand aligned to supply. It is kind of funny that you guys are deathly worried about inflation, and yet emotionally-crippled on the one element that keeps inflation in check--taxes.
Humphrey Applebee Wrote: Mar 22, 2013 9:59 AM
Then explain to me why inflation slowed down in the 80s when Reagan cut taxes?

As far as government spending goes, if it's excessive relative to GDP, it eventually will lead to either bankruptcy or severe inflation. We are long past the point where it passes the "excessive" threshold. There are too many examples to show you but let's start with Japan or Argentina or Greece or Spain. Again, the entire list is too long to spell out
Petrus64 Wrote: Mar 21, 2013 9:33 PM
Gas is over $4 a gallon and food prices have doubled since the King has taken his throne. As well as the average household income has dropped $5000 per year. Just wait until ObamaCare hits full speed, and the EPA starts shutting down coal plants...

Again, the current formula for inflation is a lie. They claimed again today it's only 2%. Yet if one uses the pre-Greenspan formula, it's closer to 8%.


AmericanLiberal Wrote: Mar 22, 2013 7:17 AM
What radio economist told you this, moron?
Mike4166 Wrote: Mar 22, 2013 8:06 AM
Wow, such an intelligent comeback. What's next? An "Oh yeah?" Or perhaps a "Sez you!"
AmericanLiberal Wrote: Mar 21, 2013 9:30 PM
..Government spending creates inflation, taxation stops it.

Okay, that's it, kids. Enough lessons on fiat currency economics. Your template for viewing the world is musty, stupid, and wrong. Later.
Petrus64 Wrote: Mar 21, 2013 9:38 PM
As I have alway said, he is like Cliff Claven (Cheers) after a few beers. It's very amusing, you have to admit.
BudWiser Wrote: Mar 21, 2013 9:52 PM
BudWiser Wrote: Mar 21, 2013 9:52 PM
at least Cliff was right part of the time with his facts
MudontheTires Wrote: Mar 21, 2013 10:53 PM
"Your template for viewing the world is musty, stupid, and wrong. "

Which is why the Soviet Union is such an economic powerhouse, right PatLib?

S T F U, you mindless idiot.

The Republican-held House of Representatives has passed Paul Ryan's FY 2014 budget, as well as the final version of a "continuing resolution" that will fund the federal government through the end of the current fiscal year.  The latter item locked into place the reduced spending baseline established by the sequester.  It does not defund Obamacare, although the GOP FY 2014 budget does.  As I wrote earlier, the House rejected a trio of Democratic alternative budgets yesterday, including the Senate Democrats' offering -- which raises taxes by $1.5 trillion, increases overall...