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Monday, 20 July 2009

Fight I.B.S............from Rico

Yes, I call on all of you to fight I.B.S.! Irrational Belief System (otherwise known as hopey-changeytude). It's not too late YET, but once the tax-eaters outnumber the taxpayers we're sunk!

I know this is a distraction from wondering "just where did all those Code Pink people go, anyway?" but stay with me.

CHANGE: Job losses are now equal to the net job gains of the previous 9 years, making this the only recession since the Great Depression to wipe-out ALL employment growth for the previous business cycle.

HIGHER TAXES. Closing government offices on Fridays like California won't reduce taxes. Maybe the only way we'll see reduced taxes is to follow Marc Faber's advice (of the Gloom, Boom, Doom report aka Dr. Doom) and globally fire 50% of all government employees and toss them into the private sector. Absent that, expect reduced services from government and HIGHER TAXES.



2 comments:

juvat said...

Theo,
Could you please cite your source on the Increased Tax Rates Necessary... graph? Looks conceivable, albeit horrifying, but a citation would add credibility.
Thanks

moneybagzz said...

As an unapologetic supply-sider, I can only say that Obama-rama-ding-dong is makin' all the wrong moves. No one (sane, anyway) complains their taxes are too low, or that there isn't enough government waste.
Cut, cut, cut and cut some more.
Longing for Bush!