Comments on: Obama: ‘We can’t just cut our way to prosperity’

By: david christoph

david christoph — Tue, 12 Feb 2013 22:26:00 +0000

Obama needs to learn – and statistics need to accurately report – that government spending does NOT contribute to prosperity of a sustainable private sector. Only privately owned profit-seeking enterprises are sustainable because only by seeking profit does an owner of resources have the discipline to understand and control the costs and risks of the inputs and processes upon which prosperity depends. http://mises.org/document/3736/Profit-and-Loss

but the government’s inflation and GDP statistics do everything possible to hide the truth about the necessity of the private sector and the necessity of seeking an honestly reported profit undisguised by statistical government lies. http://www.youtube.com/watch?v=zPkTItOXuN0

By: Samurai_Sam

Samurai_Sam — Thu, 07 Feb 2013 17:35:00 +0000

It’s true you can’t cut your way to prosperity but someone ought to inform this idiot that you “can” cut your way out of poverty.

By: Arizona_Don

Arizona_Don — Thu, 07 Feb 2013 06:39:00 +0000

There are no words in the English language to describe how much I loathe Barack Obama.

By: Arizona_Don

Arizona_Don — Thu, 07 Feb 2013 06:37:00 +0000

What happens to this debt service if the interest rates go to 10 or 12% or higher like it did under Carter? Where do we get the money to run the government and also service our debt? Just printing money devalues our money and someday we will have to pay that as well. There is no getting out of this hole we have dug for ourselves. Or perhaps we should say Obama has dug for us.

By: Arizona_Don

Arizona_Don — Thu, 07 Feb 2013 06:32:00 +0000

Interesting, four years you were saying we “could” spend our way to prosperity. Perhaps your right maybe we can’t “cut” our way to prosperity but we can “cut” our way to less debt and we should start yesterday!

By: Jerry Reames

Jerry Reames — Thu, 07 Feb 2013 04:11:00 +0000

what an a&& ho–

By: Richard Todl

Richard Todl — Thu, 07 Feb 2013 02:11:00 +0000

And, we can’t spend our way to prosperity!!!!!!

By: geeshim

geeshim — Wed, 06 Feb 2013 23:21:00 +0000

Look at all of the false and faulty premises here. Tsk, tsk.

By: pduffy

pduffy — Wed, 06 Feb 2013 22:31:00 +0000

Some of the things you mention are legitimate functions of government, but you must pay to get a passport. Therefore, no ‘taxes’ are needed to support the passport department. The same is true of the postal service, which is mostly funded by actual postage. Government FEES can cover these functions, not taxes. Most of the spending is NOT on these necessary government functions, but on ENTITLEMENTS. Constitutional functions of government may require taxes, such as the defense department, but SOCIALISM and CHARITY, and RETIREMENT, and HEALTH CARE are not functions of government. This is where you fall off the tracks. Robbing one group of Americans to give to another is STEALING. What can’t you understand about this? To give a person ‘health care’ may not seem a waste to you, but the person that got robbed to furnish it may have gone bankrupt. Which is a greater evil? And why do you get to decied this?

By: sesummers

sesummers — Wed, 06 Feb 2013 22:23:00 +0000

What’s wasteful is to require $150 worth of overpaid, underproductive labor to issue each passport. (Note: I made that number up – it’s just an example.) What we know from literally MILLIONS of examples is that organizations who try to make a profit from such activities do them FAR more efficiently than government agencies. Imagine how much better our educational system would be if we had multiple private schools competing for students’ vouchers instead of entrenched government bureaucracies staffed by public sector union members who manage to take the income from a classroom of 25 or so students (roughly $200K-$250K) and have it NOT BE ENOUGH to pay the teacher, the rent, utilities, etc.