View Single Post
Old 05-12-2008, 10:26 AM   #46 (permalink)
ChicagoMark
helmet
500+ posts
 
Join Date: Nov 2001
Location: Chicago

Posts: 897
Quote:
Originally Posted by danb View Post
Which is just what the economically-illiterate left would have us be.
Let's be careful here, the Right is nearly as illiterate, if not more. The Right is just much more immoral about ecomonics. Instead of going to the people and telling them they have to raise taxes to fund current government expenses, the welfare state and two wars in Asia, they use debt to cover the cost which gets pushed on to a future generation. I consider the Right to be massive financial and economic cowards, and incredibley irresponsible with fiscal management.

If we want to expand govenment to extreme levels, let's have an honest and moral debate based on a Balanced Budget, which means are we willing to pay much higher taxes to fund it....no debt is allowed.
__________________


"There is no means of avoiding the final collapse of a boom brought about by credit (debt) expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit (debt) expansion, or later as a final and total catastrophe of the currency system involved."

- Ludwig von Mises
ChicagoMark is offline
 
Reply With Quote
 
Page generated in 0.11705 seconds with 11 queries