In response to:

Devious Taxation

fred2691 Wrote: Apr 25, 2012 12:25 PM
I must be slow: I can't get past the first four paragraphs... it's not at all clear to me, and usually Williams is very clear.
Big_D_ Wrote: Apr 25, 2012 3:54 PM
I don't think Dr. Williams is recommending the status quo--rather, he's pointing out that the downside damage of the reckless spending is happening more NOW than THEN. ...inflation, job loss, stale economy.

I think a key point is that there IS a huge impact on the THEN: The loss of opportunity THEN because of a stunted economy in the past (NOW). Dr. Williams only alludes to this.
Sockpuppet Wrote: Apr 25, 2012 1:03 PM
I don't get it either. Aren't we (balancing the budget every year" as Dr. Williams says by borrowing the money from China and forcing future generations to pay it back?
Big_D_ Wrote: Apr 25, 2012 3:52 PM
I don't think Dr. Williams is recommending the status quo--rather, he's pointing out that the downside damage of the reckless spending is happening more NOW than THEN. ...inflation, job loss, stale economy.

I think a key point is that there IS a huge impact on the THEN: The loss of opportunity THEN because of a stunted economy in the past (NOW). Dr. Williams only alludes to this.
Big_D_ Wrote: Apr 25, 2012 3:53 PM
I don't think Dr. Williams is recommending the status quo--rather, he's pointing out that the downside damage of the reckless spending is happening more NOW than THEN. ...inflation, job loss, stale economy.

I think a key point is that there IS a huge impact on the THEN: The loss of opportunity THEN because of a stunted economy in the past (NOW). Dr. Williams only alludes to this.
Big_D_ Wrote: Apr 25, 2012 3:54 PM
I don't think Dr. Williams is recommending the status quo--rather, he's pointing out that the downside damage of the reckless spending is happening more NOW than THEN. ...inflation, job loss, stale economy.

I think a key point is that there IS a huge impact on the THEN: The loss of opportunity THEN because of a stunted economy in the past (NOW). Dr. Williams only alludes to this.
Big_D_ Wrote: Apr 25, 2012 3:54 PM
I don't think Dr. Williams is recommending the status quo--rather, he's pointing out that the downside damage of the reckless spending is happening more NOW than THEN. ...inflation, job loss, stale economy.

I think a key point is that there IS a huge impact on the THEN: The loss of opportunity THEN because of a stunted economy in the past (NOW). Dr. Williams only alludes to this.
Big_D_ Wrote: Apr 25, 2012 3:54 PM
I don't think Dr. Williams is recommending the status quo--rather, he's pointing out that the downside damage of the reckless spending is happening more NOW than THEN. ...inflation, job loss, stale economy.

I think a key point is that there IS a huge impact on the THEN: The loss of opportunity THEN because of a stunted economy in the past (NOW). Dr. Williams only alludes to this.
Big_D_ Wrote: Apr 25, 2012 3:54 PM
I don't think Dr. Williams is recommending the status quo--rather, he's pointing out that the downside damage of the reckless spending is happening more NOW than THEN. ...inflation, job loss, stale economy.

I think a key point is that there IS a huge impact on the THEN: The loss of opportunity THEN because of a stunted economy in the past (NOW). Dr. Williams only alludes to this.
3129 Wrote: Apr 25, 2012 6:15 PM
The National Debt is one of the biggest budget items there is. The bonds Dr. Williams referred to are how the deficit is created and paid. U.S. government bonds are rapidly losing value. The dollar is also losing value. That is why gold is $1700+ per oz. if Obama wins in November, America's unofficial currency will be ammunition. Fire All Incumbents. Viva la revolucion.
The Washington, D.C.-based Tax Foundation does a yeoman's job of keeping track of how much we're paying in taxes and who's paying what. It turns out that American taxpayers worked this year from Jan. 1 to April 17, 107 days, to earn enough money to pay their federal, state and local tax bills. That statistic requires some clarification, and I ask my readers to help me examine it.

According to the Congressional Budget Office, Congress will spend $3.8 trillion this year, about 24 percent of our $15 trillion gross domestic product. But federal tax revenue will be much less, only $2.5 trillion,...