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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (125558)	10/28/2012 11:44:56 PM
From: Sr K	Read Replies (1) \| Respond to of 149317

Are you going to move out of the country? This is not a primary. It is an election. And for some reason you want Romney to win.

To: koan who wrote (125558)	10/29/2012 1:04:48 PM
From: RetiredNow	Read Replies (2) \| Respond to of 149317

I agree that I don't want to go down the road to serfom. However, where you and I disagree is where Socialism leads. You think it leads to utopia. I look at history and have overwhelming evidence that in every case where Socialism has been tried, it leads to economic stagnation, excess poverty, and a widening of the gap between rich and poor. To the extent that the US has allowed Entitlement spending and Socialism to expand in this country, we are now suffering the consequences. The answer is to reign all of that back in and force the higher tax rates and/or cuts in spending to live in the present, rather than raiding our kids and plundering their futures to provide for today's old people. That is immoral. Look. Prosperity does not come from deficit spending and money printing. It comes from Savings and Investment. Savings comes from increasing national income (GNP). Do you know what will happen to national income if we continue along the path of massive debt increases that we're on? johnbtaylorsblog.blogspot.com Exploding Debt Still Threatens America Back in May 2009 I wrote “Exploding Debt Threatens America” in the Financial Times. Unfortunately the federal debt is still exploding, but fortunately we are learning more about the threat thanks to research reported and carefully explained in a new piece by my colleague Michael Boskin. The following chart is a quick summary of his amazing findings. It shows the enormous decline in American income (measured by GNP) if fiscal policy follows the path we are now on as estimated by the Congressional Budget Office. The stars represent several different estimates for the year 2040 reported in Michael’s paper. The ranges show CBO estimates under current policy or under the House Budget resolution of last spring.