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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (103394)	4/24/2011 11:14:50 AM
From: grusum	2 Recommendations Read Replies (1) \| Respond to of 224749

Tax Revenue, as a% of GDP, is at a 60 year low. kenneth, i've told you before, but i'll try just one more time.. GDP fueled by debt, that is QE, tarp, etc. isn't a good thing. it just indicates that we are borrowing much more, so we can spend more. the borrowed money has to be repaid with interest. if we don't pay it back, the dollar will eventually become worthless. borrowing to spend is poison, and will eventually kill the economy if we don't stop. we have to slash spending AND cut taxes. and we have to repeal burdensome, crony regulations that make us uncompetitive. and we better do it soon kenneth. if we don't, all the dollars you have saved and earned will continue to go lower in value until they suddenly become worthless. all it takes is a complete loss of confidence in dollars, which is where we are headed. if that happens, the trucks stop rolling and things don't get delivered to the grocery stores and cops start walking off the job to fend for themselves. then you will have your socialist utopia.