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Overnight Open Thread

209
sattv4u21/03/2010 8:00:39 am PST

re: #207 Obdicut

You keep just saying things like “there’s no way that’ll make up the deficit”. If you’re simply going to assume that, there’s no way to discuss this with you. I don’t mean that in an offensive way, but it is begging the question to a great degree. In addition, your view that taxes on higher-income people always lowers investment rates is not, to my knowledge, a proven phenomena in economics. Are you talking about higher capital gains tax or higher income tax?

Thats correct,, 100% so!

If you take in less than you spend, you will NEVER make up the shortfall

ALSO,, if you take in just as much as you spend,,, you will never make up the shortfall (the only thing you will do is not increase the shortfall, excluding, of course, the interest on the shortfall ,, OOOPPSSSS!!!)

You have to take in MORE than you spend. So , ,how do you do that?
TWO WAYS ,,,, CUT spending (not increase it)
OR ,, take in more. How does the gov;t “take in more” Again, where does the gov’t “get” it’s money from!?!?!?