Re: Barnstormin': The Case Against Chrysler
While I give you credit for your thoughtful approach, I must strongly disagre with your comments above.
It is NOT a fact that "Somehow there has to be a shock applied to the system to get things going again. That shock will have to be a big one and only the government or some large and successful company (domestic or foreign) can do that. Sad but true..
. It is your opinion, and one that is shared by some people and not shared by others.
Frankly, there is zero evidence that the incredible defecit spending (of which only a very small minority has even been spent) has had any positive impact on our economy. There is, however, evidence that it has had a negative impact on our economy.
There are opinions as to what we need to do. However, there are NO opinions as to the debt service and gross violations of our constitutino we are embarking on. Our economy is driven by the market. Do you know what the largest enemy of the markets are? Uncertainty.
There is no greater uncertainty created than when all precedent and law is discarded for convenience, eliminating every single standard that has existed for decades. I won't even get into the negative aspects of massive tax increases during a time of economyic strain. That is self evident. Without exception, every single time taxes have been inceased, revenues have decreased because spending slows. Similarly, without exception every single time taxes have decreased, spending has increased. Simply increasing effective tax rates is a formula for disaster.
What we are doing right now is exactly the same as a broken, out of work, debt ridden and bankrupt individual borrowing massive amounts of money to purchase services that are not essential knowing we can't pay for what we have, and without any plan as to how we'll do any better.
Print this out, and post it somewhere. Then come back and read it in a couple years. Because, mark my words - if we continue doing what we've been doing (spending, government taking over companies, ignoring laws, bypassing due process) our country will be incredibly worse off and our kids will have a very very very bleak future.
Originally posted by JRoberts
It is NOT a fact that "Somehow there has to be a shock applied to the system to get things going again. That shock will have to be a big one and only the government or some large and successful company (domestic or foreign) can do that. Sad but true..
. It is your opinion, and one that is shared by some people and not shared by others.
Frankly, there is zero evidence that the incredible defecit spending (of which only a very small minority has even been spent) has had any positive impact on our economy. There is, however, evidence that it has had a negative impact on our economy.
There are opinions as to what we need to do. However, there are NO opinions as to the debt service and gross violations of our constitutino we are embarking on. Our economy is driven by the market. Do you know what the largest enemy of the markets are? Uncertainty.
There is no greater uncertainty created than when all precedent and law is discarded for convenience, eliminating every single standard that has existed for decades. I won't even get into the negative aspects of massive tax increases during a time of economyic strain. That is self evident. Without exception, every single time taxes have been inceased, revenues have decreased because spending slows. Similarly, without exception every single time taxes have decreased, spending has increased. Simply increasing effective tax rates is a formula for disaster.
What we are doing right now is exactly the same as a broken, out of work, debt ridden and bankrupt individual borrowing massive amounts of money to purchase services that are not essential knowing we can't pay for what we have, and without any plan as to how we'll do any better.
Print this out, and post it somewhere. Then come back and read it in a couple years. Because, mark my words - if we continue doing what we've been doing (spending, government taking over companies, ignoring laws, bypassing due process) our country will be incredibly worse off and our kids will have a very very very bleak future.
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