Posted on 09/22/2008 3:19:03 PM PDT by grundle
You forgot the SARCASM OFF tag at the end.
There is the fallacy in your logic. They never cut spending. There is no care for whether spending creates a deficit. It's the same logical fallacy that haunts the "fair tax" people. They mistakenly believe that reduced revenues would result in reduced spending. Politicians have a mental disconnect on the concept with living within a budget.
“Politicians have a mental disconnect on the concept with living within a budget.”
But there must be a way to stop them, short of the impossible dream of electing people that will shrink government. How about runnaway inflation, Weimar-style?
Choose well on Nov 4th.
“Choose well on Nov 4th.”
What, are you kidding? Have you listened to McCain? He’s behind the bailouts, he wants to cover people when they move from job to job, and he wants nationalized community colleges. Need I go on?
ping
save for later
1. something as large and apparently complex as the U.S. economy nevertheless has an inherent regulation, almost like homeostasis, that is basically impervious to government meddling.
IMHO, not really. The economy will shrink, expand or growth rate slow down at different rates due to government meddling (tax rates and regulation) according to Laffer Curve, the tax revenue collected by the government will stay almost constant as a percentage of the GDP / economy, according to Hauser Law.
2. I wonder if research would show that the percentage of wealthy, middle class and poor stays about the same...
I don't think research is necessary. By definition, generally the "wealthy, middle class and poor" are expressed as percentile of population, so then by definition, the percentage of each group would stay exactly the same, unless groups percentiles are defined differently / changed.
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