Re: Eliot Spitzer, antismoking leader, self-destructs

On Tue, 18 Mar 2008 10:14:49 -0500, "HeyBub" <heybub@[EMAIL PROTECTED]
> wrote:

>> A deficit budget is a tax.   That tax is much greater than the tax
>> cuts, meaning the nation had a tax increase.
>
>A budget deficit is NOT a tax until the money is collected. At best, it
is a 
>"future" tax. However, it could be paid for in cheaper dollars - due to 
>inflation - and not as great as it seems. Further, if the tax cut yields 
>greater wealth than the deficit, it can be thought of more as  a
profitable 
>investment, than a tax.

Inflation is a tax.   I used to be able to buy more than I can after
the feds took that money.

The economy isn't helped by paying interest to China and to Saudi
Arabia.

The Republicans were absolutely right when they preached that we
shouldn't tax the future to pay for the present.

>Suppose the government delays taking $1 from me for five years. In that 
>time, the $1 multiplies into $10 due to increased wealth. It seems to me
the 
>economy is $9 wealthier than had the delay not taken place.

The Government is not good at investing my money.   The Republicans
have been preaching that for decades, and they were right.

>The difference in thinking is this: Some believe the amount of wealth is 
>fixed and just needs to be better distributed. Others, like me, hold that

>wealth can be created. The government doesn't create wealth; it just
moves 
>money around (in some cases the government actually destroys wealth).

If we invested our money now instead of having the government spend
it, our future would be much brighter.

>> And spending money overseas does not help the domestic economy.
>
>I just can't believe what I'm reading. This is madness.
>
>If my company buys raw materials from overseas for $1 and turn it into 
>something that we then sell overseas for $5, that seems to be a net of 
>$4.00. That is, $4 of wealth has been created.

Point taken - Let me re-phrase:   "Money spent on trying to convert
Iraqis to Democracy does not help the domestic economy nearly as much
as if the people had spent that money on consumer items".