for anyone that listens to us "crazy fringe types" on this board, there have been warnings that the jobs recovery is a false one and inflation is coming. Europe is raising their interest rates to fight inflation. That doorknob bernanke is just going to continue to supply easy money in the face of rising inflation while printing more money.
Where does that number come from? Or are you saying it was the largest short-term US government spending program of all time (WWII) that did it, and so you get to count all those corpses?
I guess it just depends on one's point of view. I know a minimum of 20 people who's businesses were taxed into bankruptcy when Clinton passed thru congress the largest tax increase in history. Some of them have never recovered. I know a person worth over 200 million dollars. He'll never have to use a cardboard sign to make money to eat on. So I guess he's always content. Not that I support the great american dream, but this country has developed to where making a decent living or owning a business has never been more difficult. Or at least since the Great Depression. As to the sky falling down, it isn't right now. But at some point in time, margin calls. This deficit and the entitlement programs that have created a true cradle to grave welfare state to anyone who chooses to use it as such is not sustainable over the long haul. Will there be subtle changes to bring everything back in line? Maybe. Will those changes be somewhat catastrophic to most of us as a whole? Maybe as well. I've lived in a car and I've owned my own house. And the difference between the two was, literally, $100. Maybe not for you, barfo, for for many of us that $100 is one slim line that can easily be crossed over. Granted, that's crossed over in either direction, but I think anyone who thinks this country is headed in a positive direction currently is incorrect. Again, at some point in the near future, margin calls.
Unemployment was virtually unchanged from the start of the Depression and the start of WW II. The Nazis' Depression ended long before ours did. So yeah.
The Nazi government spent shit-tons of money building up their army, which brought them out of the depression. Our government consequently spent shit-tons of money, which also brought our country out of the depression. So the lesson learned here is that to get out of major economic problems, governments need to spend shit-tons of money. Yet all I hear from you is how we have to cut government spending to get us out of our current economic problems. How do you reconcile that?
First off, the Clinton tax increase wasn't the largest in history. That's just a Republican talking point, a.k.a. lie. The actual largest tax increase in US history was at the beginning of WWII. But since the number of dollars, not adjusted for 50 years of inflation, raised by the 1993 tax increase was larger, Republicans have claimed it is the largest. But that's highly misleading and pretty much dishonest. Secondly, I'm quite skeptical of your claim to know of 20 businesses that were driven into bankruptcy by the Clinton tax increase. That tax increase raised the corporate rate from 34 to 35%. The idea that large numbers of profitable companies were driven into bankruptcy by an increase of 1% in the tax rate on their profits is pretty ridiculous. You might know 20 businesses that claim they were driven into bankruptcy by the Clinton tax increase. But I'd say that they are not telling the truth about the real reason they went under. barfo
The government was spending massive amounts. It was WAR and hiring millions of soldiers who had no place to spend it (overseas) that made the difference.
It's true. Their taxes rose sharply, were retro'd back one full year and they didn't have the money. My friends who owned the pizza joint went under, the guy who I coached our daughter's softball team with went under due to tax increase, several people at church had to close their businesses... it was devastating.
Bullshit. Sorry, but that's just bullshit. The tax law was signed in August of 1993, and applied to tax year 1993. Just because people whine about taxes doesn't mean that taxes are the source of their problems. People have lots of problems. It's always easy to blame the tax man. Pizza joints go out of business even in years there are not tax increases. barfo
Didn't you also know quite a few people moving their businesses from Oregon because of their new or changed tax last year? Whole bunch of unlucky friends, it seems. Or you just know a shit load of people.
Well, I really don't care what barfo thinks or says- it's true. He may not want it to be, but that doesn't change the facts any. Many small businesses folded when those taxes were levied.
I'm not following you. So the government hires people who spend their paychecks to buy bonds from the government. How does that help? barfo
Barfo the Optimist is now calling Bullshit! on things he can't possibly know. I guess that happens when you're an old man, and your entire worldview is destroying our society.
Pretty sure my worldview has no significant effect on our society. If it did things would be much different. barfo
