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  • Posted by khalling 12 years, 1 month ago in reply to this comment.
    a balanced budget alone means the government can tax more to meet obligations. Which is why I suggest cutting the spending.
    Mouch is referring to price freezes, which as you know affect the markets. Freezing govt spending in the long run is good for the markets.
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  • Posted by Hiraghm 12 years, 1 month ago in reply to this comment.
    "We need to hold the line on this erosion. FREEZE things, in place, until public confidence has been restored." - Wesley Mouch, ASp2.

    If we had a balanced budget amendment, we wouldn't need to freeze spending levels at any previous era. The government would have to borrow or tax enough money to cover its spending.
    But, if you repeal laws and regulations, defund czars and shut down superfluous bureaucracies (which would be most of them)... the government could meet its obligation to cover its spending a lot more easily and w/o raising taxes.

    If we were to match the balanced budget amendment with simply a flat tax... no more than 15% of income or 15% of purchases, natually, and not both... no exceptions, that would also force the gov't to meet its budget obligations by reducing the size and scope of government.
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  • Posted by UncommonSense 12 years, 1 month ago
    I think we've already passed the point of no return. Similar to when planes are taking off...there is a point at which you can abort take-off & have enough room to stop. But, there comes a point where even if there is a problem, oh well, you're past the point & now you're committed to getting off the ground. This is exactly what Ovomit has in mind, but not to get the U.S. off the ground, but to go deep under it ~ permanently.
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  • Posted by khalling 12 years, 1 month ago in reply to this comment.
    if we repealed a couple of major laws, including Dodd Frank and Sarbox, you would be amazed at the wealth creation. Also, we need a balanced budget-freeze spending levels to say Clinton era.
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  • Posted by Wonky 12 years, 1 month ago
    I want to believe there is hope, but how can we turn things around with a $17+ trillion debt on $2.75 trillion/yr in (after interest payment) tax revenues along with a trillion/yr in QE without MASSIVE cuts in spending? (Can someone check my math?)
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  • Posted by $ Mimi 12 years, 1 month ago
    He’s a keeper but he needs to reach out to more mainstream voters rather then specific interest groups if he doesn’t want to get buried by the propagandized image of him being a radical right-winger that even the conservative republicans oppose. Instead of these organizations inviting him to speak to them they should donate to have him speak to larger groups. They are not being smart about it. Value Voters are denounced as a hate group by the Southern Poverty Law Center. While you and I might not care, that alone for millions invalidates his speech because of where he spoke. I would like to see him go all the way. :)
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