What do you think will be done about payroll taxes?

[Kooshiball]

Yes, they are certainly kicking the can down the road. Obama is doing this to just buy vote...

[maat55]

Originally Posted by Snodog

You could and it would cure the unemployment problem -however(and I'm sure you will agree) that that much money would obviously cause massive inflation. You want to deficit spend the correct amount and too much would be disastrous. Right now with low inflation and 17% unemployment we are under spending and/or over taxing. Just my 2 cents.

Who would work if the government just kept giving/gave them a million dollars?

Keynesians do not understand human nature or how intrusive government policies cause negative consequences in a free market.

We have far crossed the line of healthy government between anarchy and communism. It is the ignorant self destructors asking for more government solutions.

[photo]

Originally Posted by maat55

Keynesians do not understand human nature or how intrusive government policies cause negative consequences in a free market.

I always used to think that people and entities learn from their own mistakes. Only the smart ones do. The problem is that we all have to live with the laws of our own governments, and regardless of how well we do or how many intelligent fiduciary decisions we've individually made, we're still going to have to live with the mess that our legislative bodies create. It's rather depressing if you think too much about it.

[Snodog]

Originally Posted by maat55

Who would work if the government just kept giving/gave them a million dollars?

If the goverment gave just me a million dollars I wouldn't have to work. If the government gave everyone a million dollars I would have to work because a hamburger may cost 50 grand.

The governemnt is taxing us too much because in a nutshell the problem with our economy is that people don't have enough money to buy all the products and services that our country can produce at full employment.

Keynesians do not understand human nature or how intrusive government policies cause negative consequences in a free market.

I'm not a Keynesian. I think the MMTers have a more correct explaination for how the economy works.

We have far crossed the line of healthy government between anarchy and communism. It is the ignorant self destructors asking for more government solutions

So giving people more of their money back is too much government involvement?

[photo]

Originally Posted by Snodog

So giving people more of their money back is too much government involvement?

Some people are now to the point of thinking that the government allowing us to keep more of our own money is nearly a gift.

Congress (people from both parties) have been extraordinarily irresponsible and want us to fund their splurging. And even worse, they're funding projects and companies in which members of Congress (or their families) will benefit enormously.

One word: Solyndra. I don't know about you, but before I would throw a half billion dollars away, I'd at least ask to look at how the money was being spent, which is a whole lot more than Congress or the Obama administration ever did.

[irmanator]

Originally Posted by Snodog

I qouted the U-6 rate which also counts people who have given up looking for a job (but still want one) and people who want a full time job but have settled for part-time work.

I wonder how they know the difference between people who want a job and those that don't. In some instances someone might get laid off and think well its as good a time as any to retire... (or be a sahm, etc)

[snafu]

Unemployment figures are based on numbers applying/receiving unemployment benefits. All those ineligible, expired or given up hope of acquiring work are not counted, nor are those under-employed.

The leadership race for the Republican Party has skewed media reporting and the work the elected officials were supposed to be doing. I would be writing my representatives, whatever the Party affiliation to express my concern. These guys are 'hired' by voters at $205,000. and get around $ 700,000. with all the perks for doing W-H-A-T?

[maat55]

[quote]

Originally Posted by Snodog

If the goverment gave just me a million dollars I wouldn't have to work. If the government gave everyone a million dollars I would have to work because a hamburger may cost 50 grand.

Which explains why government should not spend money it does not tax.

The governemnt is taxing us too much because in a nutshell the problem with our economy is that people don't have enough money to buy all the products and services that our country can produce at full employment.

The government is taxing too much because it has obligated itself to too many intrusive programs. The individual citizens personal need for food(food cards), shelter(FHA,F&F, section 8 etc), education(DOE,federal student loans), healthcare(medicaid, medicare,Obamacare,), retirements(SS,disability) and incomes(unemployment,welfare)are not the business of the federal government. In making it so, they have completely eroded the free market system. Add to this multitudes of unnecessary regulation(minimum wage laws, excessive OASHA and EPA) and tax disincentives we cannot creat jobs to keep up with population growth.

Government spending(inflation and mal-investment) is not a solution for the lack of spending, allowing prices to adjust to the market is.

I'm not a Keynesian. I think the MMTers have a more correct explaination for how the economy works.

Advocating that the government spend to make up for the private sector is a Keynesian policy.

So giving people more of their money back is too much government involvement?

It is a good idea when attached to much lower government spending.