[FoRK] "Two faces of the Tea Party"
kammeyer at kammeyer.org
Thu Jun 24 19:45:37 PDT 2010
On Thu, Jun 24, 2010 at 8:44 PM, Jeff Bone <jbone at place.org> wrote:
>> And higher taxes, and inflation. That's what the Tea Party types rail
>> against, but that is the reality. Even cutting everything you can
>> think of, you don't get enough.
> This is nonsensical. If you cut everything enough, most of what you've got left is debt service --- and a lot of that is owed *back to the public.* Roughly-equivalent present tax base, potentially reoriented to free more productive capital, plus an increasing slowdown on tapping NPV discounted future domestic product, plus growth of future product as some of what currently goes to fund entitlements and other fiscal black holes is freed for productive purposes, and you've restored tenability.
It's not. For FY2009, if you *eliminated* the DoD and stopped paying
SS entirely (but still kept collecting payroll tax), it would be just
enough to balance the budget. You can cut the budget so much, but
eventually there will be people with pitchforks demanding that taxes
be raised so that they have essential government services.
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