Posted on 01/30/2011 5:36:01 PM PST by sickoflibs
If you realize both parties in Washington think that our money is theirs and you trust them to do the wrong thing, this list is for you.
If you think there is a Santa Claus who is going to get elected in Washington and cut your taxes, spend a few trillion and that will jump-start the economy, this list is not for you.
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The Austrian School’s Commandments plus :From : link
1) You cannot spend your way out of a recession
2) You cannot regulate the economy into oblivion and expect it to function
3) You cannot tax people and businesses to the point of near slavery and expect them to keep producing
4) You cannot create an abundance of money out of thin air without making all that paper worthless
5) The government cannot make up for rising unemployment by just hiring all the out of work people to be bureaucrats or send them unemployment checks forever
6) You cannot live beyond your means indefinitely
7) The economy must actually produce something others are willing to buy
8) Every government bureaucrat should keep the following motto in mind when attempting to influence the economy: “First, do no harm!”
9) Central bank-supported fractional reserve banking is an economically distorting, ethically questionable activity. In particular, no government should ever do anything to save any bank from the full consequences of a bank run, no matter what the short-term consequences.
10) Gold is God’s money.
Add mine:
1) Businesses don't hire workers just because of demand for products or services, they hire because it makes them money. Sorry to have to state the obvious.
2) Government spending without taxing is still redistribution
3) Taking one man's money and giving it to another is not a job.
4) Paul Krugman and Bernake have been wrong about everything, as well as the other best and brightest Keynesian's who have been fixing our economy for over a decade.
5) Republicans in the minority (esp out of the White House) act like Republicans, in the majority they act like Democrats .
It is my opinion that things have gone so far that there isn't any way to peacefully 'go back'.
A collapse is unavoidable.
Prepare now.
Got a little bit of inside info that Congress will raise the debt limit in exchange for something big like healthcare. More forthcoming in a couple of days.
Sooner or later the economy will collapse.
We cannot continue to just raise the limit on our borrowing.
It will be terrible when it happens, but why leave it to our kids to take care of. We need to face the truth now.
It’s as good a time as any.
Well...how will they buy votes and pay off all the labor unions and their pensions?
It would cool to see the response when retired Veterans and Social Security recipriants no longer get their checks.
Catastrophic to the economy? Not even close. Catastrophic to the Democrat's hold on power? Yes.
SHUT IT DOWN !!!
This is where having so many media outlets, the Left still has a great advantage in any confrontation between the GOP and Democrats.
Why even bother to have a debt ceiling anymore it’s become a bad joke. Same old thing time after time then they cut some deals and raise it. The Feds made it easier then ever by monetizing the debt and we all know or should know in a quid pro quo the Fed gets to prop up the stock markets. The longer they pretend just makes the coming collapse so much worse.
It's time for the government to go on a crash diet before the economy of the country it's supposed to serve crashes.
It should last only so long as it may take to pass the legislation to cut entitlements, say six months or less, and if that doesn't happen, let the chips fall where they may.
It's worth a try to avoid collapse and warn the American people of what's imminent as a political row of this magnitude would be very public and heated.
YES. Because we have no plan to cut 40% of our spending right now. Can we cut Social Security pensions by 40%. Do we cut military pensions by 40%. We don’t have a plan yet, so we need to carry the debt a bit further while we work one out.
Isn't it time to quit calling something that mobile a "ceiling?"
Maybe call it the Debt Tent Flap.
>Got a little bit of inside info that Congress will raise the debt limit in exchange for something big like healthcare.<
Like a repeal of health care??
Might actually be worth it
Possibly. I can’t say much because I don’t know much yet. Just got a brief heads up at a social function from our T.E.A. leader. Tuesday evening we get a full report.
hit me with a ping or pm would you? I am really curious.
I mean it, it would almost be worth it.
They would raise the ceiling for a hell of a lot less. And in the long run, it would probably save money, not to mention lives.
The government cannot create jobs. Capitalism creates jobs. And corporations will operate out of the U.S. as long as regulations and corporate tax rates continue to keep operating costs sky high. With business growth in recession, Big Government is spending at record rates while tax revenues are way down. This causes a level of debt that puts the U.S. Dollar in jeopardy. There is a fear that U.S. policy will let the dollar value decline so the relative value of its debt is less. This will raise the price of oil because oil is priced in U.S. Dollars. All hell will break loose if the world ceases to use the U.S. Dollar as the value for their own currency.
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