Comments on: There’s Good News and Bad News About the U.S. Budget

By: Liberal Economic Solutions: When Spending Cuts are Out, Only Tax Raises are In | DBKP - Death By 1000 Papercuts - DBKP

Fri, 09 Sep 2011 11:01:49 +0000

[...] problem with the deficit is not the tax rate. As my old friend and colleague Charlie Martin once pointed out in one of his columns, any tax scheme will eliminate the deficit, balance out and eventually [...]

By: The PJ Tatler » Necessary and Sufficient

The PJ Tatler » Necessary and Sufficient — Fri, 08 Jul 2011 14:33:27 +0000

[...] in 2008 I wrote a PJM piece Good News and Bad News about the US Budget. Every time we hit the budget debates, I end up thinking about it again, because there is a simple [...]

By: Animal’s Daily News, Sunday Edition | Animal Magnetism

Animal’s Daily News, Sunday Edition | Animal Magnetism — Sun, 10 Apr 2011 17:15:11 +0000

[...] [...]

By: The PJ Tatler » Actually, the budget cuts are enough.

The PJ Tatler » Actually, the budget cuts are enough. — Sat, 09 Apr 2011 19:07:14 +0000

[...] [...]

By: The PJ Tatler » … in which I feel smug.

The PJ Tatler » … in which I feel smug. — Fri, 28 Jan 2011 03:04:41 +0000

[...] of my earliest pieces at PJM was one pointing out that the US budget could be balanced readily so long as spending grew more [...]

By: Charlie (Colorado)

Charlie (Colorado) — Tue, 24 Jun 2008 00:44:45 +0000

George, that’s way too much for me to try to repond to in a comment. Why don’t you write it all up and submit it to PJM?

By: George Clarke

George Clarke — Wed, 18 Jun 2008 17:12:07 +0000

Charley,
Number One:
Government, an essentially psychological concept (e.g., The Emporer has no Clothes)is what we call a legal fiction. Government does not create profit, though it can create more paper and credit based money easily enough. Workers in the factories create the profit. Just as a slave who shares in none of the output of the plantation, and who will eat nonetheless, regardless of output, is the most unproductive worker on the planet (stands to reason) a factory worker who owns the factory and shares in the profits is the most productive worker on the planet. (Stands to reason). Profit based economies where the productive class owns the capital (e.g., South Korea) are always more productive than slave based economies like Soviet Russia and North Korea where the monopolistic government, ocntrolled by one person, owns all the capital. Stands to reason.
So my idea, as stated, is the workers owne the government factories, competing with private enterprise, not the government bureacrats, who get paid a salary, unless they want to take a promotion to become a factory worker/owner. This of course is hundreds of years in the future, but ultimately, once you understand economics and the only source of new money, or I should say, new money value, it is the only logical answer. Not the photocopy we use now of what the Bourbons did during and after the Sun King. That way lies the Guillotine followed by Bonaparte. Ughhh! There is a book available to explain the whole thing “Not Perish the Fire: The Science of Money, The Science of Peace” by Adam Marx and Karl Smith. It is the story of Quantum Economics which explains the universal means and methods available for Creating, Preserving and Destroying market accumulations of wealth and money. The conclusion of the book is “No Taxation With Representation” since, if the government is busy making a profit and expanding the money supply, it will have no money for war or conquest (or need for it either) since no one ever made a profit out of a war. (Theft is not profit).

By: Charlie (Colorado)

Charlie (Colorado) — Wed, 18 Jun 2008 01:48:12 +0000

Fresh, the thing about European entitlements is that they’re so large it’s making it hard for the GDP to grow, an issue we have (so far) avoided, as you correctly imply. The shrinking population should, over time, improve the situation though… if you can get through the transition.

By: Charlie (Colorado)

Charlie (Colorado) — Wed, 18 Jun 2008 01:45:40 +0000

Cartman2, the “Silly ass veers into Iraq War complaints” department is down the hall, and to the left. The far left.

By: Cartman2

Cartman2 — Tue, 17 Jun 2008 22:27:49 +0000

If government is so inept, why trust it to run a counterinsurgency war, one of the most difficult tasks in the world?