Government will spend whatever the tax system will raise

Radio Vice Online ^ | Sept. 2, 2010 | Steve McGough

[Steve495]

I’ve been reading a bit about Milton Friedman, a Hoover Institution economist -- not a politician -- who past away in 2006. Conservatives can learn quite a bit from this great man. We need another conservative economic mentor for present-day, and maybe Dan Mitchell is that person?

The headline from this article is a Friedman quote from a March 2000 interview billed as an effort to provide economic advice to the next president. Do read the full interview, I can almost hear Friedman’s voice discussing the topic with his unique inflection, almost guiding you to answer questions yourself with an approving smile.

[MortMan]

Government will spend more than whatever the tax system will raise

I believe this to be a more accurate statement.

[ding_dong_daddy_from_dumas]

It's infuriating when the GOP and Obama play the same word games. But Obama wins the prize for the biggest con job by:

1) Bashing Hillary for backing an individual mandate to buy health insurancec

2) Making sure Obamacare had that mandate

3) Claiming that Obamacare didn't break his "I won't raise taxes on anyone" promise, and

4) Arguing in federal court that the mandate is a tax increase

[sickoflibs]

RE :”It's infuriating when the GOP and Obama play the same word games. But Obama wins the prize for the biggest con job by: 1) Bashing Hillary for backing an individual mandate to buy health insurancec , 2) Making sure Obamacare had that mandate , 3) Claiming that Obamacare didn't break his “I won't raise taxes on anyone” promise, and 4) Arguing in federal court that the mandate is a tax increase”

Every so often I think of posting a list like that in a vanity and those are all on it, plus the three million jobs created or saved, and the phony CBO numbers. I wouldn't say it's 'infuriating' to me ANYMORE because Obama is tanking in the polls. It is kind of fun now to see him try to lie and see NBC call him on it. (Someone here predicted this would happen.)

The mandate is a good example of politics vs policy. He bashed Hillary for a mandate because it is unpopular. But then when he was president he realized banning insurance pre-existing exclusions (which IS popular) would just make premiums skyrocket and INCREASE the uninsured without the mandate, making it very unpopular, so he flipped to a mandate calling some uninsured freeloaders.

Obama-care was one of my favorite issues (with the stimulus) and I did many posts and pings on it. Both were land-mine fields for democrats.

[ding_dong_daddy_from_dumas]

Obama’s Machiavellian lying about Obamacare is a made-to-order TV ad against Obama in 2012, and those congresscrooks who voted for it in 2010, 2012, and beyond.

[DoughtyOne]

While I lean towards a balanced budget amendment quite favorably, even that can be used to job us if the Military is then going to be sliced and diced to keep budgets balanced.

The Left would be thrilled to slash that budget.

[ding_dong_daddy_from_dumas]

While I lean towards a balanced budget amendment quite favorably, even that can be used to job us if the Military is then going to be sliced and diced to keep budgets balanced. The Left would be thrilled to slash that budget.

I have been thinking along the same lines. Before he was elected, Obama promised to stop funding weapons research. If he was forced to choose between the Military, Obamacare, and Porky Pig bailouts, the choice would be, "That's all folks!"

[DoughtyOne]

B’n a B’n a B... that’s right.

[ding_dong_daddy_from_dumas]

B’n a B’n a B....

Thanks, I was trying to think how to transcribe Porky's stuttering to text.

Did you see the Porky clip where he hits his finger with a hammer? "Son of a B- B- B-...."

[sickoflibs]

RE :”I have been thinking along the same lines. Before he was elected, Obama promised to stop funding weapons research. If he was forced to choose between the Military, Obamacare, and Porky Pig bailouts, the choice would be, “That's all folks!”

He tried to cut military spending but democrat congress wouldn't go along. It is their job to spend like a crack addicts job is to get high. Of course Republican desired spending would get cut especially when a democrat won. And when a Republican won he'd be FORCED to cut social spending, not expand it like they do now to get the votes.

The current system is to run up endless debts for the unborn and blame the other party. Republicans blame Clinton for Bushes deficits, democrats blame Bush for Obamas. Republicans blame democrats for Reagans deficits, as the democrats blame Reagan for them. Then someone is born and inherits alot of debt and fingerpointing which doesn't pay it.

And it all for ‘emergencies’. And easy to justify too, “If we don't spend this money the we all die”

[DoughtyOne]

LOL

[ding_dong_daddy_from_dumas]

He tried to cut military spending but democrat congress wouldn't go along.

We are in budget limbo now. Obama wrote a budget that cuts defense spending, but as you know, congress doesn't want to pass any budget. Are we operating on temporary budgets plus departmental slush funds now?

[ding_dong_daddy_from_dumas]

PP son of a....