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September 26, 2009
Option #4
According to Richard Rahn of the Cato Institute, the government has four options:
1. To greatly increase taxes on middle- and lower-income groups (a political nonstarter).
2. To "fund" all of the new spending by selling bonds to the private market at much higher interest rates (thus sucking out private capital and increasing the cost of homeownership, which will lead to slower growth and higher unemployment).
3. To have the central bank (the Fed) buy the new debt (leading to higher rates of inflation, making everyone poorer).
4. Or for the government to act responsibly and reduce spending.
Since Option #4 is completely out of the question considering the ideology our kakistocracy, I suggest it be replaced with:
4. To continue wasteful spending that exceeds our resources until the economy inevitably collapses, in accordance with the Cloward-Piven Strategy. Exploit the ensuing chaos as a crisis not to waste by imposing communism or something very close to it.
Anyone familiar with Comrade Obama's background and associates is likely to put their money on the new Option #4.
Via American Thinker, on a tip from TED.
Posted by Van Helsing at September 26, 2009 7:47 AM
Comments
The answer is .... # 3. Because, simply put, that tactic is wealth redistribution in the most subtle, complex way that few can really follow from beginning to end. In the end, though, it shovels wealth from haves to have-nots better than any other method, including nationalized health care, taxes, etc.
Posted by: mega at September 26, 2009 8:13 AM
Unfortunately, #3 would seem to lead almost inevitably to #4(?)
Posted by: chillguy33 at September 26, 2009 8:41 AM
".......Joint Committee on Taxation Chief of Staff Tom Barthold confirming the penalty for failing to pay the up to $1,900 fee for not buying health insurance. Violators could be charged with a misdemeanor and could face up to a year in jail or a $25,000 penalty....."
from
http://www.politico.com/livepulse/0909/Ensign_receives_handwritten_confirmation_.html?showall
Posted by: blue at September 26, 2009 10:19 AM
Too scary and serious for a Saturday. La-la-la-la-la.
Posted by: MoogieP at September 26, 2009 10:53 AM
BBuBuBut......BUSH!!!
Posted by: TonyD95B at September 26, 2009 11:06 AM
Repudiation of the debt is another option, probably the most liberty-friendly option.
Posted by: Dan Webb at September 26, 2009 11:51 AM
The taxes will jump by 3000 percent with this debt and the jobs will disappear over night out of the USA.
Mass homeless will happen with little kids living in some box the USA Will become mexico with 10 years.
with 100 million third world people coming here to escape mass starvation and the old will die from homeless and starvation all will know mass hunger and at some point the black and brown and yellow white political leaders will point at the whites as the enemies of all and all whites will be under race hate attacks.
controlled by whites in gated massvie bastion with out land castle keeps and with this will come the mass murder of the American people without a fight.
Obama is total evil.
Posted by: Fred Dawes at September 26, 2009 12:22 PM
Now if this had happened under McCain every birdcage linner the news rags would make it front page news and the talking head would be harping about it for a month but since THE ANNOYING ONE is a demacreep they wont say a thing
Posted by: SPURWING PLOVER at September 26, 2009 12:37 PM
Posted by: TED at September 26, 2009 1:09 PM
Ted, that was GREAT!
Posted by: The MaryHunter at September 26, 2009 1:11 PM
TED always has the best ones.
Blue, I keep an eye on the DUmp so everyone else doesn't have to. They absolutely HATE this aspect of this POS legislation. None of them seem to have a pot to piss in, ergo, always looking for free stuff. I can't post there, because I would be tombstoned immediately, but I really want to say to them "Then why don't you come march in the streets with us?"
Posted by: Karin at September 26, 2009 2:50 PM
The chart is even scarier that it looks bc "public" debt includes the securities held by foreigners, which to date is in excess of 3 trillion.
These guys are not always very friendly as BO is ever-so-slowly finding out.
Ted's cartoon is right on the money (sorry).
Posted by: Fiberal at September 26, 2009 3:43 PM
Its a good thing that the liberals think we can spend our way to prosperity. What a bunch of dip-shits. Just as long as they feel warm and snuggly.
Posted by: funkendunkel at September 26, 2009 9:11 PM
The big mistake the liberals made is that they haven't taken the guns yet. It will be too late to stop an armed insurrection if and when the economy collapses.
Posted by: oldguy at September 27, 2009 8:30 AM
I prefer Ted Nugent's approach: "I don't like repeat offenders, I like dead offenders." If the quote's slightly off, my apologies to Mr. Nugent
Posted by: Drew at September 28, 2009 3:45 AM
