And, its ALL the fault of the DEMOCRATS!
0bama admitted yesterday that his healthcare bill is raising healthcare costs above where they’d be if no healthcare bill had been passed.
Well, the GOP is going to defund 0bamacare. 0bama can’t veto money into a budget, and the GOP isn’t going to put 0bamacare money into any future budgets.
With 0bamacare defunded, healthcare costs will be lower, per 0bama.
Yet little Timmy Geithner wants to pretend that lowering healthcare costs by defunding 0bamacare will cause a Great Depression.
Nonsense!
Defund excess government. The world will get better, not worse.
No Timmy it was a big spending Republican President followed by an even bigger spending socialist President supported by a willing Congress who led us into the 1930s. After this election our big spending socialist President will be stopped cold in Congress. THAT is the big difference with the 1930s and this decade.
Keep up the smoke and mirrors, taxing the rich, regulations to the moon and spending like a drunken sailor. Yep! That’s the ticket!
. . . . Not!
The brilliant Tim Geithner? The only one qualified to run the economy? Wow
Hah-hahaha! According to the tax-cheat himself.
In other news- Tim Geithner says. "Taxes are for thee, and not for me."
Is this little Timmy the tax cheat and swindler, who brought America billions in bailouts using Other People’s Money to play with for enrichment of the political class and friends of government.
The statists used the same "if the government does nothing the economy is doomed" threat in regard to the depression of 1920.
Harding and Coolidge knew the truth: more government spending and interference would only serve to worsen and prolong the depression. (This was proven in the 1930's).
Little Timmy needs to brush up on the history on the depression of 1920. The Depression in America in 1920 was in some ways bigger in scope and deeper than the Depression of the 1930s. However, it was solved because federal spending was cut in half and income tax rates were cut across the board (the top rate from 73% to 25%, and the bottom rate from 25% to 5%).
The economy not only quickly recovered with the reduction of government spending and tax cuts, but thrived so much that it led to the Roaring '20's.
The government cannot be the solution because it is the problem. It needs to get the h*ll out of the way and begin with cutting taxes and deficit spending. Unfortunately, the leftist politicians and bureaucrats are adhering to the Cloward Piven, FDR, Keynesian and Karl Marx play books. It won't be pretty.
VERY funny. We’re there now. The administration is doing what passes for it’s best to “spin” the facts about it, especially by acts like releasing numbers, and then “revising” them later. They are, collectively and completely, untrustworthy. Heck, read The Great Depression, A Diary, by Benjamin Roth. You’ll find it’s just exactly like what we have at the moment, aside from one thing: the monetary problem we have now is roughly twice as large as it was then. Read Karl Denninger’s website, market-ticker. The only thing Mr. Geithner seems to be able to say truthfully is his name, and I haven’t had the chance to check that on his license, have you?
1) DRASTICALLY simplify the income tax and reduce its maximum rate to 17%--essentially what Steve Forbes proposed in a book written in 2005. Our current system costs US$304 BILLION per year in compliance costs and drove jobs, factories, corporate headquarters and possibly as high as US$16 TRILLION in American-owned liquid assets out of the USA for income tax avoidance reasons--sheer economic insanity.
2) Should have just re-imposed the 1933 Glass-Steagall Act to "firewall" bank assets from the ups and downs of the stock market. Thanks to Glass-Steagall, the US economy rode out the 1987 stock market crash and 1997-1999 Asian financial crisis rather easily because bank assets became the "economic back stop" to prevent a potential major erosion of the US economy.
3) Start auditing EVERY Federal, state and local government agency for bureaucratic overlap and agency bloat, and use the results to cut down the size of government at minimum 25-30%. This will free up private funds for other uses (and allow the government to lower tax rates even further since you don't need so much taxes to keep government functioning).
4) Actually use the Sherman and Clayton Antitrust Acts or replace both of them with a new one designed for today's economy in order to prevent a too big to fail situation like what happened in 2008 or too much concentration of power into only a few small firms (e.g., do you really want Walmart to wield this much merchandising influence or Apple's recent arrogance?).
5) Start to look at the possibility of a ten-year plan to phase out the Federal Reserve note fiat currency with a new US dollar backed by gold, silver, platinum, palladium, copper and nickel--the most common metals used for bullion blocks and coins used in monetary exchange historically. Fiat currencies--because of their dependence of "faith in government,"--tend to lose value over time, as evidenced by the declining value of the US dollar since 1971 and the terrifying bouts of hyperinflation in Germany in the early 1920's and the high inflation that plagued South America for much of the latter half of the 20th Century.
....thanks largely to democrats everywhere.
Funny thing. You repeat FDR’s fascist intrusions and distortions of the market, seizures of property, debasement of currency, curtailment of liberties and get the same results. Who would have thought it?!
This is the line they will be using the next 3 weeks. Get used to it.
Tim was called one of “Barack’s Beauties” along with Rahm, Blackie O of course, and others, yeah that high forehead on Tim is sexy.
+++++ this country, given the size of our future deficits +++
this country = deficits
U.S. = Government
Tax the **** out of everyone else .... the plan.