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Originally Posted by Minte
I don't have enough knowledge or experience with financing municpal bonds to debate those numbers. I do know that in the large view,we really aren't talking about enough money to make a difference in reducing the national debt.
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We fully agree that these small changes would not be enough to overcome our national debt. These are simple incremental changes that promote fairness and do increase revenue to some measurable degree. The real fix is an overhaul as we have already agreed, but that doesn't make incremental improvements in the meantime a bad idea.
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Moving back to the original topic. This administration is making this a class warfare issue to solidify his base. As far as a solution it's at best, weak.
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Speaking solely on a political level, and not on a policy level at all, the class warfare argument is one of the stronger ones available to their campaign. People who live in 400 square foot apartments and watch MTV Cribs all day probably do feel like they are being left out. If they don't argue class warfare they are left with the notion that unemployment is all their own fault. Obviously neither is solely true. There are people unemployed because they are lazy incompetent dumb-asses AND there are people unemployed because we dumped a trillion dollars in Iraq while bailing out banks, subsidizing oilmen and allowing unregulated 'businessmen' to screw the life out of the average citizen.
We should be discussing class warfare style rhetoric when it concerns people who took huge government handouts while paying themselves large bonuses after scamming the tax payer and the business community. We should be seeking fairness in our tax code (and in fact a whole new 3 page long tax code instead). On the other hand, that doesn't excuse anyone who bought a house they knew they couldn't afford, or thought 'showing up at work' was the same as working.
On a political level the rhetoric will carry the day rather than the policy facts, which is why the country has nobody to blame but itself. Most don't care enough to find facts, many who find facts can't understand them, most of those who do understand them use them to confuse the rest who do not. It's no wonder things have gone so badly in the last 12 years and very likely they will only get worse in the next 4 no matter who gets elected.