Director of Cong. Budget Office: Federal Spending is “Unsustainable” Posted by Former Author on 17 July, 2009 at 9:41 am. 19 comments already! [DELETED BY AUTHOR] Fit fit says: July 17, 2009 at 10:26 am Everybody knows lowering taxes actually raises revenue. Aye says: July 17, 2009 at 10:30 am @Fit fit: Amazingly, you’re right on at least part of your statement Fit fit. The portion you’re wrong about is that not everybody knows it. Fit fit says: July 17, 2009 at 10:53 am So we could be headed for lower taxes, not higher. Aye says: July 17, 2009 at 10:58 am At this point, with spending running out of control as it is, there is no way that tax cuts will happen. As I said earlier, not everyone recognizes the reality of the Laffer Curve. yonason says: July 17, 2009 at 1:49 pm Newly discovered website has ObieOne pegged… “There are different types of incompetence. There is the incompetence of inexperience, which may go away with time, training, and hard knocks. Then there is the incompetence of set ideological trajectory. That type of incompetence is incapable of learning from mistakes. It is doomed to spectacular failure with huge collateral damage. That is the type of incompetence that Obama and his incoming administration–along with the new Congress–possess.” If this other article I found there is right, we need to be preparing as best we can for the worst. yonason says: July 17, 2009 at 1:52 pm @Fit fit: If done intelligently, yes they do. http://online.wsj.com/article/SB118792144566207540.html But then, intellect isn’t the Dems’ strong suit. yonason says: July 17, 2009 at 1:55 pm @Fit fit: “So we could be headed for lower taxes, not higher.” Like I said, it requires intelligence, so as long as the Dems are in charge, it’s not going to happen. Oh, and integrity is also a factor, because an intelligent crook is still a crook. trentk269 says: July 17, 2009 at 2:00 pm Another piece of this sh*t sandwich is the fact that most state governments have spent and have been encouraged to spend beyond thier ability to collect revenue over the past 40 or so years. Most people don’t realize how badly the states are doing, fiscally speaking. California is a prime example, but several other states will wind up in the same cash-starved boat. Who will bail them out when police and fire services face cutbacks? What about spending for schools, or jails? Pretty scary, and not too many answers coming from the pro-government growth crowd. CHP has been right on the brink in California, but many local PD’s are not far behind. Summer school has been cancelled in some towns, but what will happen when classes are cancelled during the regular year? Meanwhile, Obama and Congress look for even more ways to boost expenditures. Almost as if they want to tank the economy and the country. Aye says: July 17, 2009 at 2:10 pm @Fit fit: Well, the House Ways and Means Committee began the tax increase process last night. Shot that theory all to hell, eh? bill-tb says: July 17, 2009 at 2:13 pm Slavery by debt that can never be repaid is still slavery. It is also immoral. Wemo says: July 17, 2009 at 3:44 pm Of course Congress won’t listen because they don’t care. suek says: July 17, 2009 at 4:07 pm >>Slavery by debt that can never be repaid is still slavery.>> Sounds like it’s time for another round of Tennesee Ernie Ford’s “Sixteen Tons”… Missy says: July 17, 2009 at 8:33 pm @trentk269: Here’s a for instance. In Massachusetts, Boston’s Franklin Park Zoo, also Stone Zoo in Stoneham may close and will be forced to euthanize some of its animals because Obama’s buddy, Deval Patrick cut their budget: http://www.thebostonchannel.com/money/20021259/detail.html The Franklin Park Zoo was founded in 1913. It is funded by state money, private donations and revenue from the attractions. John Kerry? Kennedys? Romneys? Are they going to let this happen? Is this a “save the whale” moment for Duval Patrick thinking that by slashing the budget for the zoos the wealthy in Massachusetts will step in and increase their private donations? Is he banking on charity to bail them out? I know this is nothing like police and fire, but, euthanizing zoo animals in a zoo that’s been around since 1913 is a bit extreme. Cold. Old Trooper says: July 17, 2009 at 10:32 pm I can balance my checkbook. Bought some more .308 candy and will wait for America to wake up. BTW Mike, no more emails from me. http://www.youtube.com/watch?v=BXz4gZQSfYQ&feature=related Pundits post things, went to school and …..nuff said here. Old Trooper says: July 17, 2009 at 10:39 pm suek, I expected Ferd Thompson to step up. OLDPUPPYMAX says: July 18, 2009 at 8:15 am Congress doesn’t care about the money (democrats don’t PAY taxes and none will use this healthcare system) or the quality. It is interested only in POWER and CONTROL over the lives of the “little people.” savage24 says: July 18, 2009 at 8:28 am By the time Obama gets done, there will not be any rich left in this country to pay for his plans. This idiot has got this country so far in debt it will never get out, and the idiots in congress are just as guilty as he is. Throw them all out of office and impose term limits. ditto says: July 18, 2009 at 4:58 pm @fit fit “Everybody knows lowering taxes actually raises revenue.” Who are you and what have you done with Fit-fit? “So we could be headed for lower taxes, not higher.” With this Congress and a far-left Democratic President? Extremely unlikely, especially with their last six month’s massive increases to the deficit. The Democratic leadership want’s to push “cap & Trade” and “Universal (read socialized) Healthcare.” “Cap & Trade” will raise energy costs due to surcharges/fees/taxation embedded in the proposed legislation. and as for “universal healthcare.” they can not possibly pay for that without raising taxes. MataHarley says: July 18, 2009 at 5:53 pm ditto: Who are you and what have you done with Fit-fit? LOL! Actually, I’ve always recognized there is a mixed blood side of Fit… that every US citizen has. He just tends to show it more than some of our other resident left leaning types, ditto. But after the first stellar statement from Fit-Red came the following statement from Fit-Blue… “we could be headed for lower taxes, not higher”…. Personally I have to ask, Fit… exactly what makes you think of that in the scheme of the Congressional spending and Obama agenda? How many of those ugly and evil “rich folk” do you think are out there to support that tired lie of “tax cuts for 95% of Americans” mantra? Is this a feeding the multitudes from a few loaves of bread moment?