Posted on 11/29/2012 5:44:12 AM PST by Perseverando
The best thing the Republicans could do right now is to give Obama everything that he wants. Those of us who think, rather than feel, understand that Obama’s course will end up with the United States going bankrupt, because there isn’t enough money on the planet, much less the US, to pay for all the goodies the Democrats want to bestow on their favored constituents.
Just to give you an example of how hopeless the situation is, the combined net worth of the Forbes list of America’s 400 wealthiest people is just over $1.7 trillion. So if you confiscate 100% of that wealth you would just have enough money to cover this year’s federal budget deficit and next year you would have to confiscate the combined wealth of tens of thousands more Americans to cover next year’s deficit.
Clearly, raising taxes on “The Rich” will not even come close to achieving its stated purpose, namely reducing the deficit.
And while Republican politicians are posturing liked testosterone crazed Sumo Wrestlers about making sure entitlements are reduced if they agree to tax increases, the truth is that Republicans, who are currently consumed with self-loathing, will cave on tax increases without spending cuts.
Best thing they could do is to just rubber stamp everything that Obama and the Dems are demanding because the sooner all their ambitious demands are met; the sooner the country will implode.
And implosion is exactly what America needs in order to find its fiscal way. Drug addicts, alcoholics, recovery, hitting rock-bottom
For drug addicts or alcoholics to have even the slightest chance at recovery, what’s needed is to hit rock-bottom, to experience that searing realization that the wall of oblivion is about to collide full force with their nose, to totally scrape bottom and realize that’s death staring
(Excerpt) Read more at canadafreepress.com ...
This country needs Sarah Palin.
A couple of things -
they WANT a fiscal collapse so that they can rebuild America as a more communist country,
and they WON’T take the blame for it, because the media has the same agenda, and will blame conservatives/republicans/Bush for it.
Commander — I agree your suggestion is what NEEDS to be done but such a list would NEVER fly in that swamp on the Potomac. Much as I would love a fair fight on these issues, it will never happen.
The Dems would NEVER agree to cutting income taxes to 15 percent. Whorehouse Harry Reid would never allow such a vote to even come up on the Senate floor. (Remember, Harry hasn’t proposed a budget in three years now, or is it four?) Abolish corporate income and capital gains taxes — not a chance!
So, if Washington won’t do what is right, then we should allow the Dems to continue doing what is wrong. But make abso-freakin-lutely certain that everybody knows this is what the Dems really, really wanted.
The role of the GOP must be to offer a workable solution, and get the word out quickly.
“You want higher taxes on the rich? You want more regulations? You want an end to fracking and oil drilling? You want ObummerPhones and free schooling for illegals? Then here you go! I vote PRESENT because I don’t support any of this crap. But if you want this nation to recover, this is what we NEED to do instead.”
You do not have to choose between an American or a Conservative. As a matter of fact, by abandoning conservative values you will also lose America as you know it to be.
“This country needs Sarah Palin.”
Worth repeating.
But my wife and I are in our late 60s and I hate the thought of going through what my dad did when he graduated from HS in 1932. He worked hard all his life to give me a better life and I’ve done the same for my daughter and two grandchildren... now it all goes up in smoke to support the featherbedders?
I agree 100%.
Unfortunately I also believe it is possible to lose touch with American values while supporting “conservative” values.
To the extent they are consistent, I say enthusiastically support both.
I am just saying, when they are inconsistent I will support America first.
This is where we have trouble now.
Sending all the manufacturing in America, to China, is exactly such an example.
Bring those factories and (foreign hired employees) back to America.
We have lost sight of America.
THAT is why we lost the last election.
Agreed, and I want a new political party called the “Tea Party”
You’re right, but I get the impression that we’re going to be robbed anyway!
Well I disagree.
You want to win the war. I want to win the next election.
Both are good goals. Unfortunately I agree with you, it appears we must choose which to support right now.
Repeating nevertheless, I agree with you.
It’s just that, I want to win in 2016.
Rush was saying this election week: Oppose nothing, Say nothing. Simply vote ‘present’. I like your touch of calling it something like ObamaCure.
Obama&Co = Rock-bottom
No way up for four years
Some “compromise” - Bammy gets all he wants with promise (lie) of “future cuts” that will never come.
I wonder how long before the 401K tax comes?
R’s always fold like a cheap ironing board, that’s why they’re becoming the new Whig party.
I say embrace the cliff.
yodeling over the fiscal cliff...let’s go!
http://www.youtube.com/watch?v=QqMVjsaGEZo
Indeed, elections have consequences! Even elections premised on a massive flight from reality — e.g., in the Real World, there is not enough money to pay for the vast social welfare agency the federal government has become. [I would like to know what Constitutional warrant justifies this transmogrification of federal powers.] If the political class in Washington wants to pretend that everything's hunky-dorey, that things will just work themselves out if we tax people enough — well, when the whole American system crashes because of their fecklessness, we'll know who to blame.
If America reverts to recession or worse as a consequence of federal fiscal (and monetary) irresponsibility, just think how that may affect the rest of the world economy. I predict there are very dark days ahead, because I believe that 0bama, in his arrogance, has doubled down on his call to raise tax rates on the wealthiest Americans, while doing nothing about reining in entitlement spending. I do not believe he will back off; and I do believe the GOP will cave. (They always do, gutless wonders that they are.)
FWIW.
Thanks so much for posting this article from CFP, Perseverando!
I agree.
Since Dingy Harry is so worried about raising the debt ceiling, Repubs ought to refuse until a spending cut bill is passed and the law of the land. I’m civil service and shutting the government down would probably stop my pay, but I’m willing to deal with the pain if the leeches also feel the salt...
I believe that 0bama, in his arrogance, has doubled down on his call to raise tax rates on the wealthiest Americans, while doing nothing about reining in entitlement spending.
In virtually every one of his campaign speeches over the past year, and every one of his comments on taxation since his election, the major policy upon which he is building his plan for economic recovery is increasing taxes on 'the rich'. Yet every economist worth his salt realizes that that practice will amount to a drop in the bucket as regards reducing the deficit or lowering the debt.
Obama himself knows this full well. So why does he continue to insist that higher taxation of the rich will be the cure-all for the economy? It has nothing to do with a desire for a healthier economy on his part. But rather it has to do with his covert desire to punish small business (and success in general), further weaken the economy, and push America toward the cliff that is a prerequisite to instituting Cloward-Piven directed strategies that will allow him to 'rebuild America' from the ashes in his own image.
What an anti-American narcissist we have residing in our Oval Office.
Best to you, betty --
~ joanie
I completely agree with this assessment, dear brother Jeff!
Which just beg the questions: "Why???" And: "What is the source of this 'power?'" — which he evidently believes protects himself and his friends from harm? But I digress.
The scenario of civic breakdown that you so tellingly describe may very well be in the American future. The social chaos would begin in highly-concentrated urban areas, but then would spread to the suburbs. People living in more rural areas would likely be spared the threat of being looted for a while. But they would still be in the same boat as everybody else: absolute dependency on the food supply, and logistically, food distribution.
An interesting hypothetical case, to say the very least.
My own immediate concern at this juncture is to figure out how I can protect the measly wealth I've managed to accumulate over a working lifetime from the coming shocks.
I'm referring to the impending "fiscal cliff," and its effect on my 401(k)s, etc.
Captain Zero thinks he sits in the "cat-bird seat" here, which is why he doubled down on his hard line WRT taxing "rich people." On the one hand, he claims he has a "mandate" from the American people to pursue this reckless course; plus he sweetens the deal by blaming Republican recalcitrance if, in fact, we do not avoid the Fiscal Cliff. The falling off of which would be extraordinarily painful to individuals and business enterprises.
But if the Republicans cave under such a threat [as I fully expect they will], then they will have helped avoid the Fiscal Cliff — but thereby they would be abetting something ever so much worse: the systematic confiscation of the wealth of the American people — or to use Captain Zero's term, "the middle class" he purports to be trying "to protect" from the depredations of "the wealthy" — who, because they are "successful," should "pay more."
Oh, pul-eeeeezzze. I gather such folks have never heard of the "equal protection" clause of the Fourteenth Amendment.
Anyhoot, back to the financial questions. All I can say at this point is — pending a bit more research — I will be "all cash" by year's end.
In short, I'm "hunkering down for the duration." Funny thing is, I now regret having bought precious metals; I was betting on inflation; but what seems to be shaping up, macroeconomically speaking, is massive deflation. Which will tend to make "cash king" again in our society.
America is at a crossroad, dear brother Jeff! Pray with me, that God's Grace may continue to be with the United States of America, through the hearts and souls and minds of Americans who love Him, who seek to live in His Law.
The Lord is our Hope, our Strength! p> All glory be to God!
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