news.yahoo.com — NEW YORK (Reuters.com) --The Obama administrations plan to cut more than $1 trillion from the deficit over the next decade relies heavily on so-called backdoor tax increases that will result in a bigger tax bill for middle-class families.
Feb 2, 2010 View in Crawl 4
Closed AccountFeb 3, 2010
By the Time Obama is done.. your going to be knocking on GW door and begging for Him to come back....mark my words...Im not saying I like Bush Im just saying in comparison Bush was Better.....now that said let the bashing begin.
955701Feb 3, 2010
Stealth tax hikes, stealth tax cuts. You guys act like this is all new. Abraham Lincoln started the federal income tax to pay for the first Civil War. This is all inevitable in a hierarchical society.
cardgameFeb 3, 2010
Clone, just to clarify a few points. First; yes if you go to mises.org you will find a treasure trove of material that will show how Mises, Hayak and Rothbard made numerous predictions about late 1800's through to today including the prediction about japan and germany. But their central point is get the government out of the way. And yes they are gods among libertarian thought. Second: the Fed. What does the fed do? it regulates the interest rate, it prints money and it determines the money supply. The problem with that is these responsibilities are counter productive to one another becasue one Causes inflation while the other is used to Control inflation. In the end it is a lost cause. In Austrian economic, the money is hard currency (gold standard - and that is a lengthy discussion in itself), banks are not fractional, meaning the money I put in is the money I can take out at all times ( no need for FDIC/bank of last resort) and the interest rate is free floating. Just like what the Fed tries to do artificially, the Austrain school says the interest should flucuate naturally. The reason being that investment by consumers in the form of Saving and investment funds represents what is available to be lent out at the wishes of the consumer. That money is then in turn used by businesses to build and imporve and grow. Too much over spending on growth and the interest rate skyrockets, shutting down bad decisions. The reverse is also a condition of the free floating interest rate. But the most important thing about it is since it has natural variability, it accurately informs everyone what they should do with their money versus throwing down a rat trap because the Fed as Artificially adjusted the interest rate to the point where people make bad decisions and we end up with the housing bubble crash. Your idea of a just economy is also realize to a good extent using the austrain economic model. Think of it this way: there are roughly 18,000 government regulations on the books and how many of those regulations stoped Tyco, Enron, MCI/Worldcom, or how about Bernie Madoff. the answer is not a DAMN one of them. investors (speculators and the evil wall street tycoons) saw these companies for what they were and started to pull their money out of these disasters. When that happend the bottom dropped out and the fraud exposed. THEN the regulators came in after the fact and said "Hey, you broke this law." Well where were they to begin with? Adding more regulations to an already overly regulated market just makes things worse, not better. There is only one regulator needed. You and Me; the american people. You know the term "you get what you pay for", well the American people need to take that to heart and start walking the walk. If you don't like what a company is doing than complain or start a non profit to fight against their transgression. The point being, if yo make enough noise and the noise has a ring of truth to it, when sales slip, they will change their ways. its that simple. Companies do this everyday. But if people don't care then what incentive does the company have for acting justly? The power of the purse can be the most powerful regulatory force on the planet. The other aspect of just economy is hard currency. When currency is hard you don't get to play fun and games with the tax code, the money supply or derivitives. It brings a strong power check to the wastefull and downright criminal behavoir of the politicians and wall street. It is the single most important part of an economy that protects teh wealth and interest of the middle class and the poor. As for the military. A true libertarian would tell you that there is no justification for the US Army or the US Air force. The navy and marines are spelled out but the Army and Air force can only be a national gaurd that protects teh homeland from invaders. So a real military would not have a central army structure but a collection of state guards that act as one when necessary. But I still want them to have the most powerful weapons on the planet so that hopefully the military is NEVER actually used. Doing that would ensure that we aren't engaged in latin American entanglements.
enantiodromiaFeb 4, 2010
If you want the most obvious and boring troll on Digg, check CoolData's comment history.
enantiodromiaFeb 4, 2010
while :; do lol@idiot ; echo "hah story was false yet you still derp derp!" ; done
enantiodromiaFeb 4, 2010
is it just as wrong there as it was the first time?
enantiodromiaFeb 4, 2010
don't bother apologizing for being wrong, we understand