Saturday, December 08, 2012
THERE IS NO DEBT CRISIS:
After the Great Depression and in the lead up to World War II, the United States debt to GDP ratio was over 100%. And what did we get for that? Not only the resolution of a major world conflict but the New Deal, a package of government stimulus programs that rebooted the economy and created two generations of broadly shared prosperity in America.
Today, the debt to GDP ratio is 60%. So what exactly is the crisis?</blockquote>
Huh? The U.S. Debt Clock shows $16,358.2 billion (8 pm EST, 12/8/12). A simple Google search gives me a GDP estimate of $15,797.4 billion (3Q, 2012). That, my friends, is a debt-to-GDP ratio of 103.6% (I can do simple math).
Here's some more debt-to-GDP data to consider.
President George W. Bush (first term):
President George W. Bush (second term):
President Barack Obama (first term):
President Barack Obama (second term, second order polynomial prediction):
Now explain to me why I should trust the rest of the article....
THE PLIGHT OF THE ALPHA FEMALE: Women remain scarce in the most elite positions. And it’s by choice. Note the recurrent theme from the progressive left -- that the government must do something to encourage (require?) women to make the 'right' choice.
BLACK BOXES in cars raise privacy concerns. Here's another thought for you to mull over. What if the contents of your car's event data recorder become part of your automobile's -- and yours -- annual safety inspection?
IF AFFIRMATIVE ACTION FALLS, Glenn Reynolds asks the trenchant question: "What would all those 'Diversity Officers' do?" Well, if they are campus-based, they could clean up the libraries.
COLLEGE STUDENTS: become Libertarians. "Championing economic liberty will tick off your professors, and you can still be a libertine on weekends. And if you get rich, you won't be a hypocrite for defending your villa."
THE ONLY CONCEIVABLE WAY to avoid economic disaster is for Republicans to "call him [Obama] out in plain terms on what he's doing, and show he has never been and is not now serious about averting a national financial meltdown."
ELECTRIC CARS: The Environmentally Friendly Way of Losing Money Since 2009. "I never knew technology was capable of losing this much money so quickly."
Heh.
Heh.
THE CALIFORNIA FEDERATION OF TEACHERS: pissing off America by pissing on Americans.
Michelle Malkin has much more.
Michelle Malkin has much more.
CNN'S PIERS MORGAN learns about the Second Amendment.
As a bonus, he gets 'learned' about the First Amendment as well.
As a bonus, he gets 'learned' about the First Amendment as well.
"BARACK OBAMA AND THE DEMOCRATS may well get higher tax rates. But it's not likely that high tax rates can ever generate enough revenue to fund unreformed entitlement programs."
My thoughts follow along the lines of Ann Coulter and Milton Wolf. Republicans should take Obama at his word on the tax rate hike and let him have it by simply voting 'present' en masse. They should then propose and promote, but not submit for vote, equivalent tax code changes (limits/removals of loopholes and deductions) that will result in equal or greater government revenue.
It's important to note and extensively publicize the fact that most 'loopholes' and deductions are used solely by 'the rich' -- about 70% of American taxpayers do not claim any deductions in their tax returns (2010 data).
My thoughts follow along the lines of Ann Coulter and Milton Wolf. Republicans should take Obama at his word on the tax rate hike and let him have it by simply voting 'present' en masse. They should then propose and promote, but not submit for vote, equivalent tax code changes (limits/removals of loopholes and deductions) that will result in equal or greater government revenue.
It's important to note and extensively publicize the fact that most 'loopholes' and deductions are used solely by 'the rich' -- about 70% of American taxpayers do not claim any deductions in their tax returns (2010 data).
Subscribe to:
Posts (Atom)