Is the economy THAT bad?

[Wild Cobra]

No, I wanted the cuts to expire for everyone. But I'm under no delusion that the tax cuts weren't intended to benefit the wealthy. To believe that would take more than wool, it's kool-aid.

I want to force the government to live within what it takes in, like the households across America have to do.

Government is way too large now. We need a smaller government.

[2centsworth]

so increase taxes to punish the self-employed? I don't get what you're saying, since you're obviously in favor of raising taxes. Or do you just a democrat and have to fall in line.

Answer me one question. Are Taxes the least of concerns for the self-employed individual (job creator)?

[2centsworth]

No, I wanted the cuts to expire for everyone. But I'm under no delusion that the tax cuts weren't intended to benefit the wealthy. To believe that would take more than wool, it's kool-aid.

why would you want it to expire for everyone since private consumption has been crushed?

[Winehole23]

deficit financed, dummy. Somehow, you're very concerned about inflation, but not at all about the trillions added to the deficit by tax cuts.

[Winehole23]

Why not?

[2centsworth]

deficit financed, dummy. Somehow, you're very concerned about inflation, but not at all about the trillions added to the deficit by tax cuts.

tell me how the current deficit is going to cause inflation and maybe I'll be more concerned.

[2centsworth]

Why not?

Debt to GDP is about 100% right now. Japan, with a sovereign currency, is about 200% with no inflation.

[Winehole23]

Japan, with a sovereign currency, is about 200% with no inflation.

Sheer curiosity here. What's the savings rate in Japan?

[Winehole23]

Rate of growth for the last 20 years?

[Winehole23]

You want us to aim at that?

[Winehole23]

Debt to GDP is about 100% right now. Japan, with a sovereign currency, is about 200% with no inflation.

are you suggesting we have room to grow our debt level, before we get serious about inflation?

Srsly?

Are the financial risks of doing so properly understood? Or is this yet another crapshoot...

[2centsworth]

You want us to aim at that?

in the interest of time, if you're interested japan

[2centsworth]

are you suggesting we have room to grow our debt level, before we get serious about inflation?

Srsly?

Are the financial risks of doing so properly understood? Or is this yet another crapshoot...

what I suggest is that with 19+% underemployment we have a lot of growth at our disposal to grow GDP and offset any expansion in money supply.

[Winehole23]

Is that a qualified yes?

[Winehole23]

in the interest of time, if you're interested japan

Thank you.

[2centsworth]

Is that a qualified yes?

yes, short-term in the form of a payroll tax holiday. Not an original idea btw.

otherwise, the lefties will blow it on wind turbines and cash for clunkers.

[Winehole23]

otherwise, the lefties will blow it on wind turbines and cash for clunkers.

Bunch of bull . Damn libs.

[2centsworth]

Bunch of bull . Damn libs.

Spending controlled by the State is the point.

I vote freedom.

[Winehole23]

tell me how the current deficit is going to cause inflation and maybe I'll be more concerned.

I don't think I ever claimed the deficit was a cause of inflation. Debt maintenance is real, is all.

I have a hard time believing that feeding the deficit is good for us under all cir stances and to be fair, you haven't exactly been at pains to explain it here. You just sort of assumed it. Maybe you could flesh it out a little more for us.

(You mentioned elimination of corporate taxes.)

[2centsworth]

I don't think I ever claimed the deficit was a cause of inflation. Debt maintenance is real, is all.

I have a hard time believing that feeding the deficit is good for us under all cir stances and to be fair, you haven't exactly been at pains to explain it here. You just sort of assumed it. Maybe you could flesh it out a little more for us.

(You mentioned elimination of corporate taxes.)

I never said feeding the deficit was good for us under all cir stances. Only in times like today if you put money in the hands of consumers.