I’m not sure if I’m brilliant, but you are the one who said “Why should residents in Ohio, Washington, Oregon, Texas and all the other states send their federal tax dollars to TN” indicating that you certainly don’t believe in a more perfect union or in the general welfare.
$17 trillion is a lot of money, but the dollar number of the debt is not very meaningful. Economists look at the ratio of the debt to GDP to gauge the government’s financial health. After WWII the debt to GDP was much higher than it is today and we managed to survive that and prosper.
As to your snide response to my request for the website with the information on Wacker’s that you offer so authoritatively. It is a transparently obvious attempt to cover up the fact that you actually have nothing to back up your claims. Nothing. It’s all hot air. Fantasy. Brain farts.
This is not the first time that you have refused to answer a question about where you get your numbers. You have never answered any questions about the veracity of any statements you so confidently make. My experience has been that when people don’t respond to questions it’s because they don’t know the answers or because they’ve been lying.
In a nutshell, your posts and the responses to my questions about them are what one would expect of a know-nothing third grader who believes the world revolves around him.
People in one state don't send their federal tax money to another state. They send it to the federal government which redistributes it. That's done by a vote in Congress, which has representatives from all the states. So, why should people in one state fund economic development in another state? Because we live in the United States. Isn't that where you live? The Confederacy is dead. It's been tried twice and both times it’s been a miserable failure. Get over it.
Federal and state government financial support of private business has a long history and on the whole benefited the people of this country. Your continuing whining about isolated cases with irrelevant statistics makes about as sense as warning people not to drive because there are occasional accidents.
"If all the other states got 1.27 for every dollar and TN was only getting .77 cents [sic] on the dollar" we might actually have a real debt crisis.
Where are Wacker financial statements on line, or do we have to take your word for that, too?
Robin wants to talk about pixie dust? If “trickle down economics”, “tax relief for job creators”, “onerous government regulation”, “spending crisis”, “voter fraud”, is not pixie dust sprinkled by the right, I don’t know what is. But this pixie dust not strewn by “clueless politicians”. It’s a cynically orchestrated attempt by bought law makers and very well compensated toadies to allow a very small number of people to steal the wealth created by the vast majority of Americans. Watch the full show “America’s Gilded Capital” on billmoyers.com for a look at how it’s done.
I believe the number one problem in this country is the bribery (legal only because Congress defines bribery) that funds what we in all seriousness call “free and fair elections.” Until public financing of all elections, including a ban on using one’s own money to buy public office, is the law of the land we will continue our downward spiral towards becoming a plutocracy of the already obscenely rich, by the already obscenely rich and for the already obscenely rich. And until that happens, voting Republican will only speed up the process. The Right is wrong for the vast majority of Americans.
soakya: Let’s see, an unnamed company with unverifiable numbers in difficult economic times. And that is supposed to illustrate exactly what? Oh, my tax dollars at work. Right. I’ll take your word for it. Whatever it is. Here’s something verifiable: For every tax dollar sent to the federal government by the people of TN, they received $1.27 in federal expenditures in 2005, the latest year for which figures are available. http://visualizingeconomics.com/blog/2010/02/17/federal-taxes-paidreceived-for-each-state. Between 1990-2009 Tennesseans received more than $81billion than they paid. http://www.economist.com/blogs/dailychart/2011/08/americas-fiscal-union.
But the incestuous relationship between big business and government, at the expense of workers, is not malignant? Talk about Low Information voter! How about No Information voter?
You really don't like answering questions, do you?
Nor do you like to explain yourself. How is it self explanatory that the decrease in the number of jobs is a result of the mega deals? Saying that it's self explanatory doesn't make it true. It only allows people who can’t support their position to delude themselves into thinking they know something.
“You made it quite clear what you mean.” And what is your problem with that? Or is that “self-explanatory” too? You have no idea of what you are talking about. That’s all you’ve made quite clear.
Your recent posts have included: Numbers that you won’t correlate to events because they are supposed to be “self explanatory”, fictitious “quotations” wrongly attributed, and a profound lack of knowledge of basic economics: “Governments don’t create jobs or wealth.” Ever hear of TVA? All you do is parrot right wing tripe.
Here’s something said by a well known right winger: "If you repeat a lie often enough it becomes the truth." It’s a tactic still practiced by the right wing today and very effective among one group of people. Those who have a functioning brain aren’t taken in by it.
I’ll leave you to wallow in your self explanatoryness.
soakya: That's how you explain what your statistics are supposed to indicate? By changing the subject?
You are no better with quotations than with statistics. For one, you quoted something attributed Alexander Francis Tyler not Alexis de Tocqueville. There is no reliable record of Tyler having even made the statement.
Are you quoting the Thomas Jefferson who said "I hope we shall crush in its birth the aristocracy of our monied corporations which dare already to challenge our government to a trial by strength, and bid defiance to the laws of our country."? Probably not. Your Thomas Jefferson seems to say the opposite.
So tell us what the framers meant when they wrote "general welfare" means. And while you're at it, tell me what I think it means and I'll tell you if you're right.
Or you can change the subject again.
While you are right in bemoaning the crumbling infrastructure and fewer jobs, corporate taxes are at an all time low. The effective rate on corporate profits is about 13% --no one pays the statutory 35% rate--and many corporations pay no tax at all according to the Government Accountability Office. See http://aneconomicsense.com/.
soakya: Here you go again, trotting out your statistics once more. What exactly are they supposed to mean? You'd think you'd discovered the economic equivalent to the cure for cancer by learning that unemployment goes up when the economy goes down. And that when people don’t have work they don’t earn an income so per capita incomes will come down. Well....
Per capita income. A simple example. 1 income of $1 million and 9 incomes of $100,000. Per capita income = $190,000. Now, 1 income of $1 million and 5 incomes of $100,000 and 4 of $0 (because they’re unemployed). Per capita income = $150,000. The per capita income has come down yet not all individual incomes have. So in that sense, per capita income may not be a very helpful indicator of what is actually occurring. It doesn’t tell us, for instance. how income is distributed.
In fact, since 2007, the wealthiest Americans have suffered very little from the economic collapse. The per capita income may have come down but the individual decrease in incomes has been largely felt by the lower 90% (less than $150,000) of income earners. And that is a result of government policy.
One of the major functions of government is to redistribute wealth. Providing fire protection, providing public education, providing national defense, building roads, ensuring food safety, ensuring banks behave responsibly etc. are all done by redistributing wealth. The Constitution says the government’s duty is “to promote the general welfare” not the generals’ welfare, be they social, economic, political or military.
francisco: name calling. It's all you got. Facts you don't. On the federal deficit: http://articles.latimes.com/2013/may/14/nation/la-na-deficit-shrinking-20130515. Or http://www.csmonitor.com/USA/DC-Decoder/2013/0515/Why-federal-budget-deficit-is-falling-faster-than-CBO-expected.
Drew, Drew, Drew. What is behind all this vitriol? What is the real reason for all this bitter umbrage? The federal deficit has been cut significantly, banks have been bailed out and not one bank executive has been prosecuted, Bush tax cuts have been extended beyond their expiration date, Republican-invented Obamacare has been passed, he even acceded to industry (the golden calf of Republicans) requests to delay implementation for a year. In short, President Obama has done everything that Republicans wanted. So what exactly has the President done that is so bad? If anyone should be complaining it should be Democrats. And they do. But at least they have the manners to do it respectfully.
soakya: The president has been a complete failure? See above.
Have you been doing a Rip Van Winkle and were not informed that the economy almost tanked after 2007? Apparently you’ve also not grasped the fact that some incomes are going to come down in an depression, that’s why it’s called a depression.
The per capita income you quote is meaningless figure. That’s like saying if Bill Gates (net worth $72.7 billion) walked into a bar with 9 truck drivers in it, the per capita net worth of the people in the bar is $7.27 billion. I guess all true conservatives need to do to be rich, at least for a while, is invite Bill Gates over for a drink.
The definition of free enterprise is like the scientist’s definition of absolute zero, easy to define on paper but impossible to achieve in practice.