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	<title>Keene Politics &#187; debt</title>
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	<description>Analysis and opinion that&#039;s always Right.</description>
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		<title>The &#8220;Debt Tax&#8221; Fallacy</title>
		<link>http://www.keenepolitics.com/posts/the-debt-tax-fallacy/</link>
		<comments>http://www.keenepolitics.com/posts/the-debt-tax-fallacy/#comments</comments>
		<pubDate>Wed, 17 Feb 2010 02:11:23 +0000</pubDate>
		<dc:creator>Wes Keene</dc:creator>
				<category><![CDATA[Tax Policy]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[taxes]]></category>

		<guid isPermaLink="false">http://www.keenepolitics.com/?p=225</guid>
		<description><![CDATA[It seems every few trillion dollars they spend, Congress feels some guilt and decides to make things right...by hiking your taxes. It won't work, though. Congress always keeps spending.]]></description>
			<content:encoded><![CDATA[<p>Rasmussen Reports today <a title="Rasmussen Reports - Debt Tax Poll" href="http://www.rasmussenreports.com/public_content/business/taxes/february_2010/58_say_new_tax_money_more_likely_to_go_to_new_programs_than_to_deficit_reduction" target="_blank">said that 58% of people believe</a> that if Congress enacted a &#8220;debt tax&#8221;, the money would be spent on new government programs, not reducing the debt. Conversely, just 23% of people believe that such a tax would actually be spent on paying down the debt. Americans are pretty smart people, it turns out.</p>
<p>It&#8217;s somewhere between humorous and infuriating that <a title="Keene Politics - Crack Is Whack" href="http://www.keenepolitics.com/?p=15" target="_blank">Congress has blown through endless sums of money</a> and is now suddenly concerned about all the debt. Where were these &#8220;deficit hawks&#8221; in the Democrat party when the failed stimulus bill was being considered?</p>
<p>In Washington parlance, &#8220;concern about deficits and debt&#8221; only means one thing: More taxes. Some things in life are so simple. Democrats tax and spend. It&#8217;s true. The old adage simply has it backwards&#8230;they spend, and <em>then</em> tax.</p>
<p><a title="Wikipedia - Medicare Part D" href="http://en.wikipedia.org/wiki/Medicare_Part_D" target="_blank">Republicans aren&#8217;t much better</a>. For them, the adage reads &#8220;Republicans borrow and spend letting someone else lose their seat by raising taxes&#8221;.</p>
<p>Tax or no tax, one thing is for certain: Washington will quickly blow through every dollar it has (and a lot more after that) on <a title="Citizens Against Government Waste - 2009 Earmarks" href="http://www.cagw.org/newsroom/releases/2009/earmarks-rise-to-196.html" target="_blank">senseless pet projects</a>. If you have a better vote buying scheme, I&#8217;m sure they&#8217;d love to hear it.</p>
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		<title>Fish In A Barrel</title>
		<link>http://www.keenepolitics.com/posts/fish-in-a-barrel/</link>
		<comments>http://www.keenepolitics.com/posts/fish-in-a-barrel/#comments</comments>
		<pubDate>Fri, 12 Feb 2010 00:47:57 +0000</pubDate>
		<dc:creator>Wes Keene</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[General]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[EU]]></category>
		<category><![CDATA[greece]]></category>
		<category><![CDATA[unions]]></category>

		<guid isPermaLink="false">http://www.keenepolitics.com/?p=155</guid>
		<description><![CDATA[Greece's socialist government is hurting big time. Debt has risen to an astonishing 12.7% of GDP. Facing increased pressure from the EU, Greece is being forced to lighten the load. As Greece is learning, when you want to save taxpayers money, unions are less than excited.]]></description>
			<content:encoded><![CDATA[<p>This story practically writes itself. Socialism (even in the European sense) is a dangerous thing. Unions are mini-socialist empires, <a title="Irish Times - Greece Clashes With Unions" href="http://www.irishtimes.com/newspaper/breaking/2010/0210/breaking25.htm" target="_blank">and when the two clash</a> &#8211; well we just stand back and watch the fireworks.</p>
<p>The story can really be distilled this way. The EU has been placing increased pressure on Greece to <a title="CNBC - EU Upset With Greece's Debt Load" href="http://www.cnbc.com/id/35329583" target="_blank">lower its debt load</a>. There&#8217;s a humorous story buried in that, too. What&#8217;s the EU doing telling Greece what to do? Well, if Cap and Trade passes, America will get to find out how that works, too. Back to the main story here. Greece is socialist, and as such everyone is struggling to get their &#8220;fair share&#8221; of the government&#8217;s honey pot. Well, in a sagging global economy with a failed system of government, honey is a little bit short in supply.</p>
<p>That never stops a good union though. When automakers were facing bankruptcy, unions still wanted more and more here in America. In the end, they won. They now have a bigger ownership stake in the &#8220;good&#8221; GM and the &#8220;good&#8221; Chrysler while Americans paid the automakers&#8217; debts. Sounds nice doesn&#8217;t it?</p>
<p>Greece is no different. Money is tight, and lawmakers have decided they have to cut costs to meet the EU&#8217;s demands (and probably to stay viable at all). Unions put the matter like <a title="CNBC - EU Debt Crisis" href="http://www.cnbc.com/id/35325714" target="_blank">this</a>:</p>
<blockquote><p>&#8220;Demonstrators said they refused to be the ones bearing the burden of getting Greece out of its fiscal mess.</p>
<p>The government has unveiled a series of measures, including a hike on fuel tax, a 10 percent cut in social security spending and hikes on tobacco, alcohol and real estate taxes.</p>
<p>&#8220;Why should we make sacrifices? We are not the ones responsible for this crisis,&#8221; said high-school teacher Mihalis Exintarakos, sipping his espresso at a cafe after taking a break from the march. &#8220;It&#8217;s always the little guys who pay.&#8221;"</p></blockquote>
<p>&#8220;It&#8217;s always the little guys who pay.&#8221; No, it&#8217;s the residents of a country with a failed economic system that pay. Americans are learning that the hard way, too.</p>
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