[quote]rainjack wrote:
Bad for who? I have about 350 farmers that are praying for a weka dollar and higher interest rates. [/quote]
Are you actually making a case for inflation? Bad for who?!?! Do you have any idea how many people would be bankrupt if inflation went wild?
[quote]rainjack wrote:
Hspder assures us that we should be taxed like the Europeans. I call bullshit and say that if anyone thinks that they are undertaxed - they are more than welcome to send what they think is fair to the U.S. Treasury.
[/quote]
I NEVER said that. My point has always been that in a right-wing country like the US we should see a dramatic reduction in expenses. I NEVER advocated higher government income, nor I will ever do so for the US.
In smaller words: my point has always been about too high expenses, not too low government income.
[quote] hspder wrote:
rainjack wrote:
Bad for who? I have about 350 farmers that are praying for a weka dollar and higher interest rates.
Are you actually making a case for inflation? Bad for who?!?! Do you have any idea how many people would be bankrupt if inflation went wild?[/quote]
A weaker dollar and higher inflation is nirvana for my farmers. Why? They get a much better price on their commodities because they are much cheaper on the international market.
Some of the best boom years in recent history was in the 70’s when inflation was in the double digits.
I realize that this is a totally selfish take on an issue that would cripple most other segments of the economy, but I think it is cyclical - it’s about time that the farmers get a break after the goat screwing they took in the 90’s.
[quote]hspder wrote:
I NEVER said that. My point has always been that in a right-wing country like the US we should see a dramatic reduction in expenses. I NEVER advocated higher government income, nor I will ever do so for the US.
In smaller words: my point has always been about too high expenses, not too low government income.
[/quote]
Don’t get your professor panties all wadded up - I was just hacking on you. Remember our little spats about your love of everything Euro? I think on them fondly.
But since you mentioned it, there are only two ways to raise revenue to fund spending: Taxation and debt. Am I right? Am I even in the ball park?
When our elected officials redefine a budget cut as a decrease in the amount of increase in a budget - I think it is quite evident that we passed being concerned about lowering expenses a long time ago.
I think the tax-and-spend bunch in Congress is running out of victims. Notice how the debt swelled in the last 50 years. The passage of a national income tax in 1913 was the beginning of the assault on the middle class and now they are drained. The rich have too many lawyers and the poor have little to tax. Hence the feds can only spend by increasing debt. This delays the day when the chickens come home to roost and they get a note from the rest of the world marked ‘Account Overdrawn’. But that day WILL come.