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In response to:

The Debt Star We're Building

Steven H of WA Wrote: Jan 28, 2013 1:00 AM
All this may be true but through it all the debt to GDP ratio never went above about 68%, we are now over 100% and climbing faster than ever. As Greenspan said, WW2 wen higher but all we had to do was end the war. Now it is driven by entitlements. Hang on tight, it's going to be one hellava ride!
In response to:

The Debt Star We're Building

Steven H of WA Wrote: Jan 27, 2013 5:50 PM
Did you know that the Fed (10.8%) now owns of the debt than China (8%)? We are now running the country’s finances like the Weimar Republic; printing money to pay current operating expenses. And the folks in D.C. are getting rich…Maseratti sells more $250,000 cars there than anywhere else in the country. Obama’s inauguration (coronation?) reminds me of the vision of an 18th century English King riding in his gilded carriage with all the footmen and mounted guards while the throngs of paupers and boys in rags gleefully wave at the spectacle.
In response to:

The Debt Star We're Building

Steven H of WA Wrote: Jan 27, 2013 5:34 PM
Would you have believed 20 years ago that or debt would become $16,400,000,000,000 (I truncate).
In response to:

The Debt Star We're Building

Steven H of WA Wrote: Jan 27, 2013 5:29 PM
It became obvious back in 2009 what the Democrats were up to: instead of “tax and spend” they came up with the brilliant plan of “spend now, tax later”. They will continue to push the debt higher and higher until some kind of collapse occurs causing so much pain that raising taxes will be the only option. They probably figure the GOP will take over to clean up the mess and thereby get blamed for raising the taxes. We sure do live in interesting times!
When Obama says “we” or “us” he means the government.
It is hilarious to hear “progressives” justify big government using the examples of building roads and bridges. The Roman Empire was building roads and bridges over 2000 years ago! Wow, what progress! For that we need 25% of GDP bled from the economy and 16 trillion debt? By the way what some say the greatest bridge off all, the Golden Gate bridge was paid for through tolls over 20 some years, not by federal funds. As Saul Alinsky points out the enemy of collectivism is the middle class, they must proletariatize the middle class. Obama, building upon the crash of 2008 has made significant strides toward this goal by impoverishing 20 some million Americans (those on the dole may be comfortable but they are paupers).
In response to:

Taxpayers, Revolt!

Steven H of WA Wrote: Nov 29, 2012 5:53 PM
But why would the illegals go home? Won’t they just go on welfare? Why would collapse bring people back to reality? Did they in 1936 or Germany in the 30s? Won’t some populist demagogue find new scapegoats to blame? Wall Street, or Big Oil, the Jews, or the upper middle class?
In response to:

Taxpayers, Revolt!

Steven H of WA Wrote: Nov 29, 2012 5:09 PM
Catcaul: I want to thank you for paying all those taxes, if it weren’t for generous folks like you millions and millions of the new leisure class might actually have to go to work!
In response to:

Taxpayers, Revolt!

Steven H of WA Wrote: Nov 29, 2012 5:02 PM
It is possible to live a reasonably prosperous life without exposing yourself to the high tax brackets. The progressive tax is a double-edge sword, they gouge you in the upper brackets, but if you move into the lower brackets the tax decreases significantly. The trick is to live in a low cost-of-living area and live a downsized lifestyle. Get out of California or New York, work only a portion of the year if you can. The best life is to be self-employed where you combine what you love doing with earning a living. You can control the taxable income by plowing profits back into the business (just don’t hire employees, employees are toxic)
It all becomes clear when you understand the ideology of Saul Alinksy and his influence on the Chicago Left including Obama and his entourage from Chicago.
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