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Prophets and Losses

king10 - exposing leftism Wrote: Feb 05, 2013 7:19 AM
Because it if had no tie to REAL (earned) money, then it's be worth nothing. Taxes, on it's own, isn't the problem....printing money is. Taxes is a secondary problem misunderstood by ALL progressives.
Texas Chris Wrote: Feb 05, 2013 9:44 AM
Exactly. Taxes aren't about funding the government. They're about sucking the value out of your labor and propping up the "good faith and credit" of the US government.
Now that the federal government is playing an ever larger role in the economy, a look at Washington's track record seems to be long overdue.

The recent release of the Federal Reserve Board's transcripts of its deliberations back in 2007 shows that their economic prophecies were way off. How much faith should we put in their prophecies today -- or the policies based on those prophecies?

Even after the housing market began its collapse in 2006, Federal Reserve Chairman Ben Bernanke said in 2007, "The impact on the broader economy and financial markets of the problems in the subprime market seems likely to...