Drudge Retort: Red Meat for Yellow Dogs
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danni

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"And with the 10-year bond yield at 3.85%--below the rate of inflation--it's cheaper to borrow the money than to raise taxes."

And then when the holder of the bond goes to exchange it for money he gets repaid with inflated dollars. And as I said, keep doing it and gas will be $10/gallon by the end of McBush's first term.
Flim flam works for a while but eventually the bills come due. There is no free lunch and there are no free wars.

Obama cashing in, as a fairly young rich man with high political ambitions hardly indicates that he didn't understand the financial ins and outs, he just had entirely different priorities. Nice try though.

"Can I assume from you answer that you're not willing to pay higher taxes for the privilege of having Obama in the White House?"

No you can't. It will become increasingly clear to Americans that though they hate taxes they are going to hate inflation more. At least with taxes you can do something good for the country, inflation robs both the government and the people.
Funny that we end up in inflationary spirals after low tax Republican administrations and then REpublicans blame them on the president stuck with the job of stabilizing our currency. That's what 24/7/365 propaganda does. Many of the posters here (not RisR I think) hold the opinions they do not because of their own though (though they think they do) but because ideas were planted in their heads by right wing talkers. Right wing ideas are like songs you can't get out of your head....they suck but once they are planted it is hard to kill them.
Here's one of the popular right wing tunes of today...."Free Trade." Sounds nice, sounds innocent, sounds like it would be good for us. It is anything but good for us.

" have challenged you time and again as to why you (and most others here) NEVER advocate cutting spending.."

Because government spending raises wages. WAges are what makes the economy work. You seem to think that revenue gained through taxation disappears. It doesn't, it reemerges into the economy through spending. I don't really care what the government spends it on it still energizes the economy. When taxation is too low wealth just concentrates because there is no reason to make investments which generate jobs and MORE WEALTH. Why was the largest middle class in the history of the world created during a time of incredibly high income tax???? Because taxes levied by a Republic are not the same as taxes levied by a monarchy. The taxes levied in our nation do not sit in a vault, they are used to create infrastructure which empowers entrepreneurs to start businesses never before dreamed of. How many tax dollars went into the creation of the internet (thank you Al Gore)?
Now tell me that those dollars were wasted.
How many dollars went into the creation of the Interstate Highway System.
Now tell me those dollars were wasted.
How many dollars went into NASA???

Puhleeeeeeez. Taxation of the wealthy creates more wealth, more jobs, more everything.

The idea that low taxation, small government, free trade will make us safe, prosperous and leaders of the world is disproven by the very things that did make us safe, prosperous and the leaders of the world. It's like you want to kill the goose that lays the golden eggs.