Governments don't have memories.
Wilton
----- Original Message -----
From: "Curt Raymond" <curtlud...@yahoo.com>
To: "Diesel List" <mercedes@okiebenz.com>
Sent: Saturday, November 10, 2012 8:43 PM
Subject: Re: [MBZ] The Laffer curve
Just as in the '60s part of it was not to get into a war where we weren't
wanted, weren't needed and didn't have any exit strategy. Worse this time
because we already were in a war where we didn't have an exit strategy. We
could have been done with Afghanistan years earlier if we hadn't taken our
eyes off the ball.
Oh and trying to pay for it all with "emergency" budgets was treasonous.
-Curt
Date: Sat, 10 Nov 2012 11:06:13 -0600
From: Peter Frederick <psf...@earthlink.net>
To: Mercedes Discussion List <mercedes@okiebenz.com>
Subject: Re: [MBZ] The Laffer curve
Message-ID: <2054fe58-e296-45c9-8ff5-eb020a1ea...@earthlink.net>
Content-Type: text/plain; charset=US-ASCII; format=flowed; delsp=yes
The current situation is exactly what you get when you reduce income
and go on a borrowing spree.
The correct thing to have done in 2001 is to have let interest rates
stay where they were -- the Wall Street panic was just that and ddin't
need intervention, just a swift kick in the pants -- and to RAISE tax
rates to pay for the 2 trillion dollar a year war we've been in since
2003.
Same thing as the 60's --- not a single dime in added taxes for the
"East Asian Police Action", with the result that the economy when over
the cliff in about 1968.
This is as reliable as sunrise, and anyone who says different is
blowing smoke.
Peter
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