I thought this Op-Ed piece in today’s New York Times from Thomas Friedman was very good. And this is from a very liberal newspaper and a Op-Ed columnist that leans to left. The article admits we need major entitlement cuts & radical cost savings approaches to heath care. Two areas Obama hasn’t had to guts to tackle & ridiculed Romney/Ryan for their ideas.
One excerpt below:
“Obama has spent a lot of time lately bashing the rich to pay their “fair share.” You know what? There are definitely some Wall Street bankers and C.E.O.’s who deserve that bashing. But there are many successful Americans who got their wealth the old-fashioned way — by risk-taking, going into debt to start a business or pursue a dream. It’s time for the president to do some risk-taking — to stop just hammering the wealthy, which is so easy, and to start selling the country on a strategy to multiply them. We need to tax more millionaires, but we also need more millionaires and middle classes to tax. The president was elected to grow our national pie, not just re-divide it.”
[quote=flu][quote=SD Realtor]Well then lets raise taxes so we can bake a bigger pie![/quote]
Absolutely! And for every 1 cent we raise in taxes from…. (well, doesn’t matter who(m)), we can buy a $100 worth of extra pie!!![/quote]
As long as it’s not me, then lets raise taxes on everyone else 😀
No no… We have a balanced budget. It’s gonna do massive spending cuts..We’ll just putting the details in a tin can and kick it around for a few years….If we kick the can far enough along, no one is ever gonna be able to read what was in the document…
Goooooooooallll…
Let’s all just sign the damn bill…so we can all go back to more important things…Like our vacation….(taxpayer paid, of course)…
[quote=AN]budget schmudget… we’ll just print a few trillion dollar coin… then voila budget problem fixed.[/quote]
But we don’t have much manufacturing here left. And even if we do, the unions probably would want a cut of that trillion dollar coin….And I’m not sure that manufacturing in the U.S. can really achieve the time to market we need… In our ever-ending pursuit of increasing credit, we need on demand logistics and manufacturing so that we can quickly change manufacturing the 1 trillion dollar coins to 10 trillion dollar coins overnight or more….
Hey, wait… Let’s call up Foxconn.. If it’s good enough for Apple. It’s good enough for the Federal Reserve….
[quote=AN]budget schmudget… we’ll just print a few trillion dollar coin… then voila budget problem fixed.[/quote]
That’s quite the straw man. Nobody has proposed that a trillion dollar coin will fix anything. It’s a short term solution to a purely political obstacle.
[quote=SK in CV][quote=AN]budget schmudget… we’ll just print a few trillion dollar coin… then voila budget problem fixed.[/quote]
That’s quite the straw man. Nobody has proposed that a trillion dollar coin will fix anything. It’s a short term solution to a purely political obstacle.[/quote]
I guess jests doesn’t go over well over the internet. It wasn’t mean to be a real argument.
[quote=AN][quote=SK in CV][quote=AN]budget schmudget… we’ll just print a few trillion dollar coin… then voila budget problem fixed.[/quote]
That’s quite the straw man. Nobody has proposed that a trillion dollar coin will fix anything. It’s a short term solution to a purely political obstacle.[/quote]
I guess jests doesn’t go over well over the internet. It wasn’t mean to be a real argument.[/quote]
I don’t want to go tooo deeply into the trillion dollar coin debate, but really I don’t think someone like say china would stop taking our dollars over this, (really I honestly think “china” is printing a heck of a lot of money that’s not being advertised).
So you really think we will ever be able to pay the national debt without say 7-8% inflation?
