United State + Stimulus = Greece|||Fun fact, if your country didn't have a treasury bond, you would have some states already in worse shape than Greece.
But, let's look into the future, through the crystal ball of the world's best bond fund manager:
http://www.csmonitor.com/Business/Latest鈥?/a>
Does stimulus compare to any of the vast amounts of those future debts brought on by entitlement spending? Tell me where the US will be in 10-20 years from now. Have fun getting rid of those programs, which is equivalent of political suicide. Point being, you have much bigger worries down the road.|||Greece's debt was massively higher than the United States' debt. Also, Greece is a minor economy, the US is the world's major economy. The European crisis should make any person that has looked at it be in favor of stimulus spending, because the results are undeniable. The nations that have used austerity have worsened their economic conditions. This isn't even debatable looking at the numbers.
An easy way to look at the ridiculous anti-stimulus, austerity argument is to look at real world examples. The U.S. already sent some of their best supply side economists into South America to try austerity and the dismantling of government systems, it failed miserably, sometimes multiple times in the same nation. Argentina was stuck until they abandoned austerity and experienced growth.
IN the current crisis you can look in Europe where Belgium has governmental problems, and has not been able to implement austerity like the GOP want's to do in the United States. They also have experienced one of, if not the largest amount of growth in Europe.|||Tax Increase For the Rich and Stimulus II
I am not philosophically against raising the income tax for wealthy tax payers. I am however against lying about why it needs to be done and what the results of doing it will be.
Lie Number 1: The money raised by the increased tax on the wealthy will create new jobs. The Obama plan isn't going to create any permanent jobs. The Obama's job stimulus will employ mostly already employed workers and any new jobs will go away as soon as the money is gone.
Lie Number 2: The money raised by the increased tax on the wealthy will be spent to reduce the deficit. No it won't, it will instead be spent on expanding existing government. The fact is Obama has not defined how he intends to spend the increase in revenue if it actually happens which it won't.
Lie Number 3: The money raised by the increased tax on the wealthy will improve tax revenues. It may actually reduce tax revenues and end up creating even more job loses.
Lie Number 4: The money raised by the increased tax on the wealthy is not class warfare.
The confiscation of income and redistribution to the government is the definition of class warfare.
Lie Number 5: The money raised by the increased tax on the wealthy is necessary to reduce the deficit. All the revenue raised by Obama's proposed tax the rich scheme will be consumed by the trajectory of government spending in the same year it is taxed. Obama would need to ask for further tax increases in each subsequent year without dramatic spending cuts.
Lie Number 6: The money raised by the increased tax on the wealthy will be used to help poorer Americans. Obama has not identified where the money generated by tax increase will be used.
Lie Number 7: You can't achieve a balanced budget without a combination of revenue increases and spending cuts. Tax increases kill job growth and reduce private sector spending. You can't tax the economy into prosperity. Obama said this himself. He has apparently changed his mind in an election year.
Lie Number 8: If the rich weren't as rich somehow life would be better for everyone else. This needs no explanation except from those that believe it is true.
Lie Number 9: High taxes and big government worked for the European Union countries and it will work here. Europe is in disaster mode with huge debts, high unemployment, no growth and a financial system based on the Euro that is ready to collapse. Things are so bad its affecting the US financial markets fearing a needed US bailout of the EU.
Lie Number 10: Tax increases for the wealthy are not a political move designed to inspire liberal hatred and Obama votes. If the plan is not designed to succeed in a long term economic recovery, what else can it be?|||By design, Obama and the progressives are turning the U.S. dollar into Warren Buffet toilet paper. They're sitting us up for an enormous catastrophy, but it started along time ago. Obama does not want another stimulus for a recovery because it won't be a recovery and he knows that. It's a coverup.........until the next election....just to delay the inevitable. Total economic collapse.
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