“Sad. I never thought I would see republicans saying that it is okay for America to be a deadbeat. I guess both parties have now grasped the mantra that the world owes us a living and our country is too big to fail, so our creditors will have to bail us out.
“"...they imply that the reserves thus created against both these policies will be stolen by some future Congress, diverted to some wholly foreign purpose, they attack the integrity and honor of American Government itself. "
Well, turned out that "they" implied correctly - subsequent congresses DID steal the money and divert it to foreign purpose and the American government turned our to have no integrity, whether Democrat or Republican
“We gotta do something! Okay, here's what you can do and here's the cost. No we gotta do something smaller and cheaper Won't work Don't tell me it won't work, just do it On your head be it. You're not a team player If that means that I won't lie to you, or for you, and won't take the fall if you ignore my advice....Okay, guess I'm not.
“Sorry Jagadeesh, you miss the point: We want more entitlements for us and higher taxes for the other guy. You want people to be responsible for their own choices: in retirement, health care, etc. and we do not want that. We want someone else to be responsible for providing these things according to our desires (as opposed to our needs) and definitely not according to our means.
PS: Sadly higher domestic capital accumulation only works as a benefit if there is a reasonable distribution of that capital. As Domestic Capital accumulation continues to concentrate in fewer hands, much of that capital goes offshore looking for the higher returns to be had from societies with wider distributions of discretionary spending.
“Well of course they didn't. Oil & Gas gave 30 million in direct campaign contributions in 2010, and got 100 times that amount back in subsidies and tax breaks. Shows how cheaply our congress (and our tax dollar) can be bought.
“It is very simple: All corporations and citizens of the United States will pay 15% of their income, whether that income is in the form of profit, wages, interest, dividends, capital gains, welfare benefit or other government subsidy. Full stop. end of tax code.
All income tax will be withheld at source (bar profits), freeing IRS inspectors to concentrate solely on banks, brokerages and corporatio
You've heard of "Disgusted, Tunbridge Wells"? Well, I live in Holland Park and I've Had It. Up to here! An old curmudgeon, I rant and rave about things I read, see or hear in the News. Frequently sarcastic, irreverent and libertarian; often wrong - but never uncertain.