Friday, December 28, 2012

Guest from the Right: Rebel Yid

Silence About Economic Growth



In The National Review Online, Victor Davis Hanson writes The Anecdotal President, 12/26/12.

Excerpt:
Obama’s current trajectory is not sustainable, and yet the president has not proposed spending cuts that would reduce the annual deficits in any meaningful way. Like Louis XIV, the Sun King, he knows that his spending is bankrupting his country and, if unchecked, will destroy generations to follow — and yet he knows even more strongly that he cannot quit. Instead, he fixates on upping the top rates on the 2 percent who currently pay over 40 percent of all federal income-tax revenues; his proposed hikes, however, would add only $80 or $90 billion in additional revenue, or about 8 percent of the aggregate borrowing each year. Additional income might derive from suggested changes in the nature of deductions, and from raises in capital-gains and inheritance taxes, but would supply only a fraction of what is needed to balance the budget.

The president, however, knows that his vast increases in federal spending, which have helped create loyal constituents, at some point must come to an end. (No doubt, Barack Obama will be as critical of “unpatriotic” deficit spending after he leaves office as he was before he entered it.) There simply are not enough “millionaires and billionaires,” “fat-cat bankers,, “corporate-jet owners,” and people who did not know when to quit profiting, or at what point they had made enough money, or that they did not build their own businesses. What then is the point about the obsession with earners in the top brackets –given that more taxes on them will do nothing to stop the fantastic rate of spending and very little to raise enough general revenue to service it? Answer: Obama’s attack on the upper brackets is a resonant talking point, but otherwise a mere political anecdote that has nothing to do with good governance. Raising taxes across the board or vastly cutting spending or both would start to solve the problem, and so, as real options, must go unmentioned.
HKO

Underlying his obsession with fairness is blindness to both the sources of wealth and the benefits to the non wealthy. Media noise about the fiscal cliff obsesses on taxing the wealthy more and somewhat cutting expenses , but almost never mentions the need for more economic growth. The cumulative impact of the legislation, regulation AND the threats of higher taxes is to bring economic growth to a halt. The focus should not be how much of the wealthy’s income or assets the ruling class is justified expropriating to pay for the reckless spending. The focus should be where will the wealth do our country the most good; in the hands of those who create it and multiply it or in the hands of bureaucrats and officials with power but without the knowledge to manage it. Should this wealth be used to create jobs for the productive middle class or be distributed to political cronies and the least productive citizens?

(You can read Rebel Yid daily at Rebel Yid: Beyond Left & Right)

96 comments:

Bram said...

Half the Republicans and all the Democrats are willing to simply make believe the numbers aren't real. They don't even talk about them. They just yell crap like "paying their fair share".

It's all a show. They are going to pretend the problem doesn't exist because they lack the courage to face it.

Nate said...

Remember Obama was willing to accept $5 of spending cuts per additional dollar of tax revenue. This was the deal Republicans refused to accept. Now the Democrats have a much stronger hand -- and we'll all have to deal with the consequences.

Anonymous said...

nate,
they've made and broken tbat promise too many times before. no one believes it.
RufussVa

Bram said...

Nate - to actually measure spending cuts you would need a budget. The Senate hasn't so much as considered a budget during Obama's Presidency.

As noted above the tax increases now for in exchange for a vague promise of spending cuts in the future has been done before. The spending cuts never materialized.

CrabbyOldMan said...

If Nate were female he would believe "Of course I will respect you in the morning".
Since he is not, "you're the first one" probably applies.
By the way, I am still waiting to find out if Nate and his parents are going to be stuck with Obamacare.

Zelda said...
This comment has been removed by the author.
Zelda said...

Remember Obama was willing to accept $5 of spending cuts per additional dollar of tax revenue.

Hahahahahahahaha! Oh Nate. He doesn't deserve you. Truly. You are too good for him.

Nate said...

It is up to congress to come up with a law that enforces both sides of the bargain.

I'd like to point out that if both parties don't work together on issues that benefit our republic, it will not be very long until little functions.

Ray said...

Obama has had a free ride his entire life and has no idea how money is earned or intelligently spent. Through some mystic means he was educated beyond the level of his intelligence. He is a con man with nice teeth, a gift for reading speeches someone else wrote for him from a telepromptor
and a line of BS that appeals to his beloved supporters. The next
four years are going to be a mess
and Obama will be loving every minute of it. He will have made good on his campaign promise to CHANGE AMERICA. Maybe we deserve him.

Freemom said...

I'd like to point out Nate, that the HOUSE sent the Senate a bill that addressed ALL of this on August 1. Harry Reid refuses to bring it to the Senate for debate, amendment or a vote because the Senate is NOT going to go on record. If Obama were SERIOUS he'd have demanded that the Senate do SOMETHING with one of the three bills the House sent it. Meanwhile, Boehner is so stupid he negotiates with himself.

free0352 said...

Exactly, Congress not only has tried, it did so three times.

Harry Reid won't even let it come up for a vote.

CrabbyOldMan said...

Nate, "I'd like to point out that if both parties don't work together on issues that benefit our republic" shows what a gullible ass you are. Nobody but you needs any further explanation.

Are you or are you not going to tell us if you and your parents are going to be stuck with Obamacare with everyone else?

Nate said...

Reid's behavior is indicative of the bill that made it out of the house was not a compromise. Republican's refusal to accept an increase in the tax rate for those making over 250k, despite it being a significant part of Obama's reelection campaign indicates that they are not only blind, but also deaf to our nation's wishes.

Again, had the Republicans compromised on the tax rate issue 6 months ago, we would have had a deal that addresses a larger part of the revenue and spending.

Obamacare is based upon a Republican plan first proposed in '93 to try and avoid a single payer plan. Also you'll note that some Republicans needed to sign off to get it through the senate. Romney certainly liked the plan, before he didn't.

My parents will be thrilled to know that 80% of their premiums are going to medical care, and that they will not be able to be denied coverage for preexisting conditions. Who isn't happy about this? Only those that wouldn't want health insurance to begin with.

CrabbyOldMan said...

Nit:
By your definition, are compromise and surrender synonymous?
Are you telling me that your parents are going to partake of Obamacare or are you saying that they have a separate plan for government employees?

free0352 said...

Nate,

You seem to think what yours is yours and what ours is negotiable is somehow a compromise.

Enjoy the fiscal cliff.

Zelda said...

Reid's behavior is indicative of the bill that made it out of the house was not a compromise.

So what? Where is Reid's "compromise" bill? Where is his "non compromise" bill? You have low standards for Democrats. Almost as if they are retarded.

Nate said...

The "surrender" supposition is ridiculous. Accepting a higher tax rate on those that make 250k a year or more in exchange for spending cuts should be a rational compromise for all parties. However Republicans have an ideological furor that makes them view giving any ground as surrender. Republicans can't even get their own plans through the house of representatives. It is obvious why this is terrible for our nation, since we need a legislative branch that can at least take care of the necessary house cleaning.

It is quite hilarious that you claim me as the gullible one. Who was feeling gullible on election night?

Haverwilde said...

Compromise’ as most of us understand the word is a process of give and take—working to get something that both sides can live with. The Democrat view of ‘compromise is also give and take—the Republicans have to give so the Democrats can take.

You will notice that Nate talks about compromise now, he didn’t when the House passed budgets and the Democrat Senate ignored it completely.

This country has a SPENDING problem, not a taxing problem. Most Republicans would agree to some taxing increases if there was real spending cuts, and entitlement reform. But that won’t happen because the Democrats can’t reform the entitlements because they are buying their support by ‘bread and circuses.’

CrabbyOldMan said...

Nit:
This Republican learned during the first two years of Comrade Hussein’s regime that the Marxocrats are not interested in actual compromise and are more than willing to use strong arm tactics.
What does this suggest that the Republicans do?
Remember too, that the Marxocrats won by a very thin, 51%, margin.

Bram said...

"if both parties don't work together on issues that benefit our republic, it will not be very long until little functions."

Good, the less government "functions" the better the economy will function.

Hoss said...

"However Republicans have an ideological furor that makes them view giving any ground as surrender."

Burn me once, shame on you; burn me twice,...

Hopefully, the Republicans are trying to shed the "stupid party" tagline. Because if they fall for the whole democrat promise of cuts tomorrow for extra taxes today they're complete fucking morons. They shouldn't give up one damn thing until the democrats are willing to come across with a real plan to get spending under control, but we all know that will never happen. Maybe falling off the cliff is what this country needs to happen. You can't tax people enough to get us out of the situation we're in, and anybody with an IQ over room temperature can see that. Buy more ammo (if you can find any).

And what Republicans signed off on Obamacare to get it through the senate, Nate? The dems took a House bill and totally revised it to game the system and ram their takeover down our throats and all the taxes that come with it.

Nate said...

COM,

Compromise included raising the entitlement ages, and lowering the cost of living adjustment, both of which Democrats hate, but are a great ways of addressing the spending side of the equation. However don't let facts get in the way of your baseless partisanship.

free0352 said...

There is nothing to compromise on. Harry Reid wont even let a budget come up for a debate.

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CrabbyOldMan said...

Nit:
You are absolutely correct in saying that I am a partisan. I am very much so. We adults have been suspicious of the left since the 1960s, but Comrade Hussein, his commissars and the rest of the Marxocrats have convinced us not to EVER trust ANY of them AT ALL.
Accordingly, spending "cuts" that are really future reductions in the rates of increase in exchange for immediate tax increases are too ridiculous to be even consider.

CrabbyOldMan said...

Enemas:
Have you considered a smaller hose?

Nate said...

COM,

Name one marxist policy implemented by Obama.

Oh so you are the generation that has benefitted so thoroughly from not paying for their government for the past 60 years. More than likely, you are receiving an order of magnitude more social security benefits than you put in, and similar payback for medicare. Ready to cut spending? Put your money where your mouth is, and start sending back the checks, and paying for your own insurance.

CrabbyOldMan said...

Nit:
If the government will give me all the money that I and my employers put into Social Security and Medicare, together with the earnings I would have received by putting that money into a mutual fund, I would be more than glad to forego what the government will pay me via those "insurance programs".
You have no idea at all of what you are talking about.
In addition, as a lower middle class person who the left defines as "rich" for the purpose of taxation, I think it safe to say that I have paid my own freight PLUS helped to pay the freight for the parasite Marxocrat base.
Since a basic tenant of Marxism/Communism is the redistribution of wealth via taking it away from "the rich" to give it to "the poor", there are any number of "programs" championed by the Marxocrats over the years that we can talk about. Should we start with Obamacare?

CrabbyOldMan said...

Nit:
You should add "that I didn't want" to "paying for their government".
I just told you where I stand on Social Security and Medicare.
I certainly never supported AFDC, rent subsidies, paying someone else’s utility bills, food stamps, paying for meals at schools and then sending food home with the kid for the week-ends besides...
Oh and then there is the Peace Corps, VISTA, paying for the lion's share of the UN…
Do you get the drift?

Nate said...

COM,

I get it. Just like everyone else, when it comes to sacrifice, it is everyone else that should do it. When you say we have a spending problem, you think that it is other things we shouldn't pay for, not your ENTITLEMENT. You probably didn't pay a penny towards Medicare part D, yet you are happy to benefit from the hard work of others. That makes you a hypocrite.

Well, maybe we should continue to give food stamps, schools, VISTA to perhaps build a next generation than continue supporting old people that aren't capable of producing anything (and never will).

If you are truly "lower middle class", you are one that benefits the most from these insurance programs, since the benefits are weighted towards those that paid less into it (Source). Regardless, a lot of dollars you earned were taxed at significantly lower rate than the dollars I'm earning now.

Source

Once again, your ideology ignores reality.

free0352 said...

when it comes to sacrifice, it is everyone else that should do it.

No one should sacrifice anything, ever. End the welfare state. We'll all be much better off on our own.

CrabbyOldMan said...

Nit:
No, you don't get it, but we are always grateful for the opinions of a college sophomore.
Social Security and Medicare were not sold to the voter at their actual cost, nor were they sold as the "entitlements" they are called today. They were fraudulently sold as "insurance" that would cost far less than it did.
I do not participate in Medicare Part D.
By the way, I have always hated the term "entitlement", because it implies that the recipient has some sort of moral claim on everyone else’s pocketbook.
VISTA and food stamps help build a generation of loyal Marxocrats who are too dependent to ever support anyone, including themselves.
How anyone who supports steeply graduated income taxes would dare say "when it comes to sacrifice, it is everyone else that should do it" is absolutely beyond me.
If you don't like high taxes, don't support the welfare state.

Nate said...

COM,

I don't think you understand who these social programs benefit. In California, the average Wal-Mart employee gets $2000 a year in government assistance. In Alabama alone, 4,700 children of Wal-Mart employees are currently on Medicaid.

http://www.goodjobsfirst.org/corporate-subsidy-watch/hidden-taxpayer-costs

It is the working poor that benefit from these programs, and most of them are specifically targeted towards families with children.

I'm sure your answer is for these adults to "not have children" before you are ready, however I'm the child of a family that was started long before they were economically ready, and my parents were both children of similar families.

CrabbyOldMan said...

Nit:
You are correct that people who cannot support children should not have them. Since the government has been subsidizing people having children who cannot afford them, or who just have better ways to spend their money, do you think that this might explain the increases?
By the way, it used to be that guys who went around knocking up baby momas got sent to prison on a bastardy rap.
Who subsidized your parents before they were "economically ready"? Was it their families or the tax payers? Just what exactly did they get? How much did they pay back and how long did it take?
Please correct me if I am wrong, but I recall you saying that your father is a government lawyer and your mother is a school psychologist. Both professions require post graduate degrees. That also is a hint as to how you got to be so brainwashed.
You keep quacking about Wal-Mart. Who is holding a gun to the head of those working there?
Are you aware that entry level jobs are stepping stones to better jobs? Why do you think that they are called entry level? Do you think that anyone who remains at an entry level job all their life probably has a few deficiencies? Do you think such people will ever be productive enough to be paid more?
You are just amazing.

Hoss said...

Nate, does your union agitprop also list the many, many thousands upon thousands of families whose lives are made so much easier due to the things they can afford at WalMart due to their low prices.

Nate said...

do you think that this might explain the increases?

I'm not sure there is a lot of increases on this metric. Based purely upon my family,

I have no idea the particulars of my parent and grandparent's social help. I do know my Grandfather benefited from the GI bill, and my parents did get government help-- I'd guess food stamps, and possibly welfare, while my father was in law school and my mother was working at red lobster.

Funny how he who is arguing facts, is called brainwashed. Reality does indeed have a liberal bias.

Do you think that anyone who remains at an entry level job all their life probably has a few deficiencies? Do you think such people will ever be productive enough to be paid more?

Your derision for hardworking people that may have "deficiencies" (whatever the hell that means) is elitist and sickening.

Well, they do get paid more in other retail establishments. However jobs at other retail establishments may not be available. They may be educated, hardworking, and simply live in depressed areas. They may not have the skills to get a better job, and can't afford a higher education. They may be taking care of an old man like yourself, and that may take priority over getting an education/improving their station in life.

does your union agitprop also list the many, many thousands upon thousands of families whose lives are made so much easier due to the things they can afford at WalMart due to their low prices.

1) When did I even mention unions?
2) Just remember that taxpayers are paying much of the difference, and those "low low prices", come from your and my money.

Sometime in the early 80s, the income of Americans became divorced from their productivity. GDP has continued to grow, but wages have not. Most liberals blame businesses and the death of unions-- I'm not one of those liberals. I suspect trade agreements, the tax code and globalization have incentivized investing and outsourcing jobs overseas. Immigration policy has also been a disaster. H1Bs bring people into this country and send them back with great experience that should have been obtained by locals. At the very least, we shouldn't force them to leave.


Hoss said...

So, how is WalMart any different that any of the other million establishments that pay $9 an hour or so for a job you can learn by lunch. I refuse to concede that I should have to pay to support the family of someone who decided it would be a great idea to have 3 kids while they work at an entry level job with no discernible job skills or no initiative to get off their ass and do something to improve their stock. Nor should I have to pay to support a married couple who decides one of them just has to go to law school.

As far as your link: you may want to read some of their material. How X, Y, and Z affects unions either positively or negatively, and I knew that was going to be their angle from the get-go (either stated or implied, which makes non-union WalMart public enemy number one).

Zelda said...

Nate, every argument you are making is just noise at this point. The only thing Obama wants is to (SURPRISE!) tax and spend. The Democrats haven't had a new idea in a century. And the government, under Obama, is, for the FIRST TIME, spending more than our GDP. So we waved up at the fiscal cliff some time ago. Your sympathy for the working poor is a joke because they are not actually being helped.

And this is what I detest so much about Democrats. They're consumed with minutiae and the votes of the low-information, low-productivity voters. They cater to the lowest common denominator and it shows. Their politics are corrupt, their programs are failures, and their arguments are idiotic, but as long as they have JayZ and Honey Boo Boo, they'll get the votes.

Nate said...

Zelda,

I'm pretty sure that you are one of those uninformed voters that you are complaining about. Our GDP is 15.09 trillion dollars, and our federal budget is about $3.5T.

To your second point, I care about the voters in menial jobs because I used to be one, and used it as a springboard into what my father calls "gainful employment".

As a nation, I think we can only prosper when most of us do. I believe that the next generation of Steve Jobs will come not from the children of investment bankers, but from working class families.

Zelda said...

Nate, would you do everyone a favor and read before you go all Honey Boo Boo on us?

Our debt DEBT under Obama exceeds our GDP. Which means if we took every cent of profit from every person in the US, we would not be able to pay our debt. This is a bad thing. This does not help the working class.

Also, there is no budget. You really have no idea what we're spending because Congress doesn't even know.

As for everything else, blah blah. If you cared about the working class you wouldn't be saddling them with debt they can never pay off for corrupt government programs that don't help them.

The next Steve Jobs won't come from anywhere because those with the motivation and skills will be too busy working second and third jobs just to pay for Obamacare.

CrabbyOldMan said...

Nit:
It seems that every time you come up with "facts", someone refutes them.
I have had menial jobs too. I used my menial jobs as a springboard too.
Why can't everyone else?
What did your father call "gainful employment?

Nate said...

Our debt DEBT under Obama exceeds our GDP.

Our debt is our spending minus our revenue, collected over the last 200 years, and includes the trillions of dollars of debt accrued under Bush, the unfunded entitlements like medicare part D. You stated (falsely) in your previous post that our spending was greater than GDP, which is a false statement, and is one of a few dozen reasons I called you a uninformed voter.

CrabbyOldMan said...

Nit: How much of "collected over the last 200 years" was during the last five years?
These "facts" of yours are what we have all been talking about. They NEVER hold any water!
I'm still waiting for your answer as to what your father considered "gainful employment".

Nate said...

Another question COM would be how much of the current national debt is because of the wars in Afghanistan, Iraq, the Bush tax cuts, and an interest adjusted view of the deficits of the Reagan era. Since I know you are eager to challenge your own assumptions, I'll let you research that one on your own.

Zelda said...

You stated (falsely) in your previous post that our spending was greater than GDP, which is a false statement, and is one of a few dozen reasons I called you a uninformed voter.

Oh Boo Boo. I know it's easier to quibble over semantics than actually address the argument, but just what the hell do you think the debt is? It's SPENDING, you unaccountable moron. The fact that we cannot pay it back even if we spent every penny of our GDP ought to have you gravely worried, but instead we just hear excuses for Obama's spending, which has exceeded every President who has preceded him including the much loathed W. Bush (who actually managed to navigate a recession, a horrific terrorist attack, and remove one of the most evil dictators of our time with his spending). What has Obama done? Obamacare? I get shivers of joy when I think about Democrats' expectations and what will be the reality.

how much of the current national debt is because of the wars in Afghanistan, Iraq, the Bush tax cuts, and an interest adjusted view of the deficits of the Reagan era.

Surely you aren't making the argument that Obama has not added greatly to the debt? Surely you aren't that loyal to him. Are you really excusing him for allowing the debt to exceed the GDP on his watch?

Nate said...

Zelda,
I agree spending is a component. I agree with entitlement reform that results in less benefits or benefits to older people. I also think that if your budget deficit is greater than your discretionary spending, taxes have to go up too.

CrabbyOldMan said...

Nit:
What do you mean by "...that results in less benefits or benefits to older people"?

Nate said...

COM,

There a lot of possibilities:
1) Changing the age which people can get full SS benefits.
2) Repealing Medicare part D.
3) Not extending the doc-fix.

I'm sure there are many more.

CrabbyOldMan said...

Nit:
You may be surprised to know that I completely agree with "1)".
I personally don't care about "2)" because I don't participate in it. However, I think that a means test in order to participate would be a good start.
I strongly disagree with "3)." I am NOT a member of the medical profession, but think it highly inequitable to require that profession to work for less than they otherwise would UNLESS people engaged in what your papa called "gainful employment" take a corresponding reduction in income as well. Wouldn't that make you feel better, knowing that you too are making your fair contribution?

Nate said...

As far as I know, doctors aren't required to accept medicare patients. They want the guaranteed payout of medicare, work for less. Otherwise fill your practice with the privately insured.

The nature of FICA (SS and Medicare) is that everyone that works even a $7 per hour job pays into these programs.

FYI, "gainful employment" was intended to mean that I could not make money that I could support myself and have left over at the end of the month.

Nate said...

Oh, and I'm not surprised at all. I have conservative positions on a number of issues.

CrabbyOldMan said...

Nit:
"Otherwise fill your practice with the privately insured." is what is likely to happen.
I know someone whose spouse is an East Indian MD who immigrated here. That spouse said the good doctors in India go into private practice and prosper, leaving the government system to the quacks. The doctor went on to say that is exactly what they would do again if we get socialized medicine here.

Nate said...

If they are currently accepting medicare, they are already benefiting from socialized medicine.

Either our government has progressively given benefits that they haven't taxed appropriately, or they never taxed enough for these services in the first place. Either way, it shouldn't be the wage earners responsibility to pay for the overcompensated elderly. Either way the current elderly should receive less benefits.

CrabbyOldMan said...

Nit:
Not the CURRENT elderly, since they were promised the bennies in exchange for paying the taxes.
The government failing to keep ANY of its promises to pay, be they for bonds, pensions or even building rent would have horrible consequences for everyone.
If someone has to explain that to you, you're even more clueless than I thought.

Nate said...

Oh right, the rest of us that have paid into the system don't get subsidized like the current elderly. They are SPECIAL, and shouldn't be expected to give up for the benefits that they didn't pay (enough) for. For someone that complains of entitlements, you sure seem to feel entitled to your socialized health care.

I've been paying into the system for close to twenty years, and have yet to see any contract or promises that indicate any medicare benefits. This contrasts heavily with most of our government's other obligations, which are unequivocally contractual. Furthermore, all taxes and calculations paid into medicare assumed NO doc fix, thus bolstering my argument why no doc fix should be implemented. By continuing to take what you didn't pay for, you continue to take benefits from the generations that come after you.

Zelda said...

I understand the argument for keeping those at or near retirement in the current system. They were never given a choice to opt out and they were promised benefits. People like you, Nate, need to understand that you are screwed. The government screwed you. The best we can get now is options. Spit out Obama's dick for a few minutes and look at Ryan's plan.

CrabbyOldMan said...

RE: "take what you didn't pay for"
You mean like your parents Nit?

Nate said...

When the debate is lost, slander becomes the tool of the loser.

I'm pretty sure my parents have paid back into the system enough to justify whatever benefits they received. They even raised two children that are both earning a few times median wages, and are only in their 30s. I personally pay tens of thousands of dollars in income taxes every year, ignoring FICA. My brother founded a successful start-up, and I bet he pays a ton more. Helping some college kids get through law school was a pretty spectacular investment for the government, especially if you look at the alternatives.

What kind of investment are they making in you COM? What is the payback period for the investment they are making in you? You probably haven't produced anything in decades, and most likely never will. My parents have been helping kids get through school, and enforcing federal law.

I'm not terribly opposed to Ryan's plan, except it doesn't go far enough. Everyone should have their benefits cut, not just future generations. We can't afford these social security queens, and we need to get these people that don't produce anything off of the public dole. Lets put the elderly to work.

CrabbyOldMan said...

Nit:
An alternative would have been for your dad to sponge off his own family or else work his way through school like I did.
You have hinted that you were a late bloomer. People my age carried the freight for you during your extended period of dependency, as we apparently did for your parents.
I have told you before that I will gladly forego my retirement and medical "insurance" if the government will give me back the "premiums" I and my employers were forced to pay together with the interest those "premiums" would have earned during the 53 years I paid them.
I am the one who needs to be concerned about the payback period for the investment, not you. Your age group already has my money.
Your stupidity is just staggering!

Zelda said...

I'm pretty sure my parents have paid back into the system enough to justify whatever benefits they received.

That's what everyone says. Why should Crabby have to take less and not your parents?

Helping some college kids get through law school was a pretty spectacular investment for the government, especially if you look at the alternatives.

That would be true if everyone did as well. Most don't. The government is currently (and unsurprisingly) deeply in the red on their federal student loan programs.

What kind of investment are they making in you COM?

The government didn't need to make an investment in him. He wasn't a loser who needed the government to steal money for him. Instead he was forced to invest in them. Think about it. COM has paid hundreds of thousands in taxes and the government didn't have to spend a cent on him.

Now it's great that you and your sad twat parents managed to make something of yourselves, but instead of thanking someone like Crabby who paid for it, you arrogantly demand that he take less than what the government promised him as if it's his fault the government is failing. That's pretty shitty of you.

I'm not terribly opposed to Ryan's plan, except it doesn't go far enough.

And yet you vote for Obama who has no plan at all?

Nate said...

You never answer any of my questions COM. What kind of investment is the government making in you?

Zelda said...

You never answer any of my questions, Nate. Why did you support the payroll tax cut and now support the tax increase? And why do you think it's the government making investments? The government has no money to invest.

CrabbyOldMan said...

Nit whines: "You never answer any of my questions COM. What kind of investment is the government making in you?"
None. The government is repaying MY "investment" (a ridiculous use of the word) in it.

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