Budget Insanity - John Stossel

Discussion in 'Politics' started by Listening, Jul 11, 2012.

  1. Listening
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    Listening Gold Member

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    Budget Insanity | RealClearPolitics

    Last year, Congress agreed to $1.2 trillion in automatic spending cuts, unless politicians find other things to cut. They didn't, of course. So now, with so-called sequestration looming in January, panic has set in. Even the new "fiscally responsible" Republicans vote against cutting Energy Department handouts to companies like Solyndra and subsidies to sugar producers. Many claim that any cut in military spending will weaken America and increase unemployment.

    It's another demonstration of the politicians' addiction to spending -- and how we are complicit. "One more infrastructure bill" or "this jobs plan" will jumpstart the economy, and then we'll kick our spending addiction once and for all.

    But we don't stop.

    For most of American history, government was tiny. But since Lyndon Johnson's Great Society and the promise that government would cure poverty, spending has gone up nonstop. This is not sustainable.

    Progressives say: If you're so worried about the deficit, raise taxes! But it's a fantasy to imagine that taxing the rich will solve our deficit problem. If the IRS grabbed 100 percent of income over $1 million, the take would be just $616 billion. That's only a third of this year's deficit.

    It's the spending, stupid.

    ***********************

    I recall Chrissy saying, at the time, that Obama took it out of the hands of congress and called him brilliant. Every rightie on the board predicted this would happen.

    They didn't cut the spending like they were supposed to. Another Chris prediction (like Scott Walker) that turned out to be brown stains on someone's underwear.

    Our supercommittee was a total failure.

    Both sides, a the federal level, SUCK.

    When do people finally wake up to the fact that this insn't going to be easy and that the longer we wait, the more painful it will be.

    I'll raise taxes on the rich for every 3 that gets taken out of the budget (including S.S. and Medicare).
     
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    Last edited: Jul 11, 2012
  2. Listening
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    From Stossel:

    Even if you could balance the budget by taxing the rich, it wouldn't be right. Progressives say it's wrong for the rich to be "given" more money. But money earned belongs to those who earn it, not to government. Lower taxes are not a handout.

    That's the moral side of the matter. There's a practical side, too. Taxes discourage wealth creation.

    Even if you think -- despite all evidence -- that government spends money more usefully than people in the private sector, there is a limit to how much government can tax before people work less or flee.

    Progressives claim a small increase in tax rates won't stop the wealthy from producing. But some would stop. When the top marginal rate was 90 percent, actor Ronald Reagan worked just half the year. He said that woke him up to the damage that high taxes impose.

    Higher taxes give rich people and politicians more reasons to collude. The rich make contributions, and politicians pay the rich back by giving them tax loopholes.

    *****************

    Is anyone going to argue with that ?
     
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  3. Charles_Main
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    Stossel is the man!

    :)
     
  4. Lakhota
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    Lakhota Diamond Member

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    Stossel should know all about "insanity"...
     
  5. GuyPinestra
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    GuyPinestra Senior Member

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    Why, has he spent some time studying you??
     
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  6. Oddball
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    Oddball BANNED Supporting Member

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    Obviously a slow day at MediaMutters, Alternut and HuffyPuffyPo...:lol:
     
  7. TakeAStepBack
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    TakeAStepBack Gold Member

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    A LOLberal tantrum. :badgrin:
     
  8. Listening
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    Listening Gold Member

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    Are you ever going to contribute anything useful to a discussion or are you just going to act like Chris and post the wishful talking points you jerk-off to ?

    If there a point to you post...please clarrify.

    Otherwise this is just a lame and completely failed attempt to shoot the messenger.

    If you have an issue with his claims.....make your point.

    Turdblossom.
     
  9. Charles_Main
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    Yeah, He talks to a lot of Idiots like yourself, He knows all about it.
     
  10. francoHFW
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    francoHFW Platinum Member

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    Stossel has learned the easiest way to millions- tell the brainwashed dupes what they want to hear...IDIOCY! tyvm
     

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