In response to:

It's the Spending, Stupid!

KPar Wrote: Dec 19, 2012 4:58 PM
Of course, John is right about the spending... What I would like to bring up is related, but not exactly the same. It's about the borrowing that makes the spending possible. What do you call it when someone makes arrangements to borrow money, but makes NO arrangements to pay it back? Or, for that matter, makes it clear that he doesn't even intend to pay it back?
bearcub Wrote: Dec 31, 2012 3:17 AM
what happens with the GOP/TP congress made that clear about 10 months ago? we lost trillions in wealth and the world decided the USA was insane. You can't threaten to not pay your bills when you are a nation - but the GOP/TP did just this 10 months ago - and says it will do so again - threatening to not pass a debt ceiling increase is saying we will not pay for money we already spent - it is self destructive to the nation but GOP does it showing it doesn't care about the USA. very sad and stupid. and dangerous.
Brent150 Wrote: Dec 19, 2012 5:47 PM
I Just heard the Federal Governement is borrowing $4 million dollars every minute. I wish they would give me just $4 of that each minute. I'd be in the 1% in no time at all.
Brent150 Wrote: Dec 19, 2012 5:51 PM
And I'd be able to do a lot more good with my $2million per year, than they are currently doing.
MoonYogert Wrote: Dec 19, 2012 5:21 PM
You are correct. Have you read the posts from Jack2894? I believe he was getting at the same point but he could not do it without calling conservatives stupid so it threw a lot of people off. Stossel mentioned borrowing on the first page:

"If government spends a dollar, that dollar is taxed away from someone. If it's borrowed, it's removed from productive use, setting the stage for higher taxes later."

To answer your question...Democrat?
bearcub Wrote: Dec 31, 2012 3:19 AM
actually borrowed money still functions - all money functions - you can not "remove" money as you describe. (learn a bit about financial sector vs rest of economy). taxed money also functions and often produces MORE wealth than money not taxed. The issue is not money here or gone, it is who gets what - that has ALWAYS been the question. you guys need to read more about economics - global and financial and understand what happens more.
bearcub Wrote: Dec 31, 2012 3:21 AM
diff eras have diff issues - not good to stick to same old ideas in face of unique issues - history moves along and realities change and diff ec problems are diff and require diff solutions just as doctor needs to treat patients individually vs as a generalized "guess". that is if you want to solve a problem vs attempt to retain power or promote an unrelated ideology.
bearcub Wrote: Dec 31, 2012 3:24 AM
also economies are global. money is global. money moves at high speeds these days. but all economies are global. right now esp in usa capital gives higher returns than any other investment - in other words there is no reason a smart corp will put money into building a business if they want the best return - and all corps want to maximize profit - that means highest return - 1. the low demand means profits not great 2. the high profit rates of capital buying capital - i.e. investing in financial sector means for about 15-20 years most investment by wealthy has been AWAY from growth for the economy - the wealthy do NOT create jobs because buying financial products produces 0 jobs - this lowers demand and makes even more money go to capita
bearcub Wrote: Dec 31, 2012 3:25 AM
capital investment - the USA subsidizes cap investment by having a very low cap gains tax rate rel to taxes on income. not taxing rich will NOT lead to any growth at all. that money will go nowhere and will DO less even than the money of borrowing will.
Listening to progressive media pundits, I'd think the most evil man in the universe is Grover Norquist, head of Americans for Tax Reform. His crime? He heads a movement that asks political candidates to pledge not to raise taxes.

I think Grover accomplished a lot. But I wish he'd convinced politicians to pledge not to increase spending.

President Obama says raising taxes to cut the deficit is a "balanced" approach.

Balanced ...

But what's "balanced" about raising taxes after vast increases in spending? Trillions for war, Medicare, "stimulus" and solar panels. Tax receipts rose -- after tax-rate cuts -- from $1.9...