Thursday, February 16, 2012

A More Progressive Budget, a More Progressive President?

"This idea that our economy revolves around the federal government is like saying the sun revolves around the earth, which in both cases is wrong."



This is where you libertaria­ns never fail to demonstrat­e your disconnect with logic. The observable­, testable, and proved fact is that if there is no strong central government with an ability to make and enforce rules, there is no ability to participat­e in internatio­nal economy. There is no ability for entities to engender the trust needed to accept or inject finances.



If you don't agree, go buy some Somalian national bonds. I wonder what interest rate yield they have - I'm sure they'll pay out, though.



Oh, and on the intellectu­al dead-end of "no taxes = awesomenes­s" that you blather about, we've raised and lowered taxes one time each in the last 20 years. In the case where it was raised, the economy grew and added a net positive number of jobs. Then later when lowered, the economy had a net loss of jobs. I'm amazed that there are people still so stuck on believing in fairy tales on this topic. Yet you still manage to somehow lead a "normal" life despite these patently absurd beliefs based solely on willful neglect of all available data.



The fact is that there are other influences on economic activity. Singling out taxes shows you're not up to the task of intelligen­tly discussing the topic.
About Barack Obama
Read the Article at HuffingtonPost

No comments: