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Joe Biden's Bid to Remake America
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If Joe Biden’s American Jobs Program, outlined in Pittsburgh, is enacted, then the federal government will take a great leap forward toward irreversible control of the destiny of the Republic.

To finance this leap, to subsidize this giant stride toward socialism, U.S. corporations are to be forced to turn over to the government a far larger slice of their earnings. The corporate tax rate is to be raised from 21 to 28%. And that is only the first of the new or added taxes to come — on incomes, capital gains and estates.

The bait to lure Republicans into embracing this $2.3 trillion in Great Society II and Green New Deal spending is the modest fraction to be allocated to infrastructure — airports, bridges, roads, ports, public transit.

Most of the rest is to be used to grow social programs and launch new ones. Biden plans to lead the nation into a new “forever war,” an endless war on climate change. Meanwhile, the Chinese pump ever more carbon into the atmosphere, as Americans sacrifice to take it out.

Make no mistake. “Sleepy Joe” is determined to emulate, not Bill Clinton or Barack Obama, but FDR and LBJ, and to be remembered as a president who raised federal power to new heights.

The significance of what Biden has already done, with his $1.9 trillion American Rescue Plan, cannot be denied.

Even before the COVID-19 pandemic hit with hurricane force in March 2020, the U.S. was looking at yearly trillion-dollar deficits. Then, in that final year of the Trump presidency, came a massive surge in federal spending of some $4 trillion.

The final 2020 deficit exceeded $3 trillion. and the U.S. debt now exceeds the gross domestic product for the first time since World War II.

But unlike 1945, when the war was all but over and federal spending was about to recede dramatically, today, the riptide of new spending is coming in stronger and stronger.

Why? The reasons are many.

First, fear of the social, economic and political consequences of a recession is far greater in Congress and the country than the fear of an outbreak of inflation, which seems to have been contained.

Second, the drivers of deficit spending are growing bolder as the traditional resistance grows weaker. Inside the Republican Party, once a church preaching small government and balanced budgets, the deficit hawks are going the way of the passenger pigeon — toward extinction.

Then there are the other driving forces of larger deficits.

Social Security, Medicare and Medicaid, the major entitlements and principal budget elements, are all programmed for growth.

Nor did Donald Trump extract us from the draining wars of the Middle East.

Also, for a decade, the Federal Reserve has held interest rates down and inflation has not been the threat it was at the end of the 1970s when Chairman Paul Volcker brutally squeezed it out of the economy.

The only way interest rates can go now is up, and with the federal debt as huge as it is today, interest rates do not need to rise too far to consume a large chunk of the federal budget.

Over the last century, it has been the fate of the Republican Party to retreat, regroup, resist and retreat again on this macroissue of deficits and debt.

When Cal Coolidge left office in 1929, the federal budget claimed 3% of GDP. The Crash of 1929, the Great Depression and the Second World War followed. All saw huge increases in the federal government’s claim on the nation’s wealth.

ORDER IT NOW

But when the Depression and war ended, Eisenhower Republicans made no effort to repeal FDR’s New Deal. And when Barry Goldwater was nominated in 1964 and went down to crushing defeat, LBJ, who cut his teeth in the New Deal, used his massive majorities on the Hill to launch his Great Society, programming new spending far into the future.

When Ronald Reagan came to power on a promise to restrain the federal government, he enlisted the private sector, with his tax cuts, to be the locomotive of progress. But even Reagan failed, by his own admission, to restrain the deficits.

The financial crisis of 2008 and 2009 brought us our first trillion-dollar deficit. And while Trump unleashed the private sector with his tax cuts — unemployment was at record lows across the board on March 1, 2020 — the pandemic and the economic crisis it engendered brought about a bipartisan clamor for government to resolve the crises.

So, where are we?

There appears to be no historical evidence that once a Western democracy expands central power and control of the nation’s resources that it ever willingly gives up those gains.

Yesterday’s gone. Yet, Biden’s remaking of America must be resisted. As was said at Waterloo, “The Guard dies but does not surrender!”

Patrick J. Buchanan is the author of “Nixon’s White House Wars: The Battles That Made and Broke a President and Divided America Forever.”

Copyright 2021 Creators.com.

 
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  1. The reason why “inflation is contained” is because inflation is exported to East Asia through GIANT trade deficits. The reason why that is possible is because $ is the world’s reserve currency; printing dollar is like mining gold – you can buy anything in the world market with it. The day the Chinese and Russians succeed is setting up alternative trading mechanisms (which end dollar’s monopoly) is the day the House of Cards will collapse.

    • Agree: acementhead
    • Thanks: beavertales
    • Replies: @Escher
    , @Mulga Mumblebrain
  2. Franz says:

    To finance this leap, to subsidize this giant stride toward socialism, U.S. corporations are to be forced to turn over to the government a far larger slice of their earnings.

    Good.

    Biden’s proposals are nothing but Interstate 2.0 which gave the USA a generation of prosperity — YOUR generation, Pat.

    And why wasn’t Interstate 1.0 not considered socialism for the plutocrats? Did it not allow, for instance, Walmart to destroy half the small town businesses in America, now allowing Amazon to finish the job?

    We’ll maybe spend some money on ourselves for once. Forget the details, they always change. All I know is Americans will get something and the Corporate Persons can start paying (part) of their share.

  3. Any increase in corporate taxation is just a one step removed increase in personal taxation. Corporations don’t pay taxes, they collect them from the people who purchase their products or services. Corporations are gov’t tax collectors in disguise. Any tax a corporation hands to gov’t was part of the price the consumer paid for whatever it is the corporation is selling.

    Corporate taxation is the hidden tax that all real breathing people actually pay when they but products or services. The gov’t like to hide this tax and get the propaganda benefit of having the ignorant masses demand corporations pay taxes when they’re too stupid to see that anything the corporation pays eventually comes out of their pockets.

    • Agree: Realist, BuelahMan, SafeNow
    • Disagree: Abolish_public_education
    • Replies: @MarkinLA
    , @hhsiii
  4. JRB: “The only thing we have to fear is…is, is…you know the thing.”

  5. Realist says:

    If Joe Biden’s American Jobs Program, outlined in Pittsburgh, is enacted, then the federal government will take a great leap forward toward irreversible control of the destiny of the Republic.

    You’re about sixty-five years too late to worry about the federal government taking a great leap forward toward irreversible control of the destiny of the Republic..

    The bait to lure Republicans into embracing this $2.3 trillion in Great Society II and Green New Deal spending is the modest fraction to be allocated to infrastructure — airports, bridges, roads, ports, public transit.

    Republicans don’t need no stinking bait…they go along…to get along.

    Yesterday’s gone. Yet, Biden’s remaking of America must be resisted.

    Biden is not remaking anything…Biden is a sock puppet with a hole in the heel.

    • Agree: ruralguy
  6. anon[402] • Disclaimer says:

    Feeble Joe’s endless war on climate change will soon flop. After industrial civilization tumbles over the Seneca Cliff,* we face NTHE (near term human extinction,) because global warming is happening faster than previously expected.

    > the Chinese pump ever more carbon into the atmosphere, as Americans sacrifice to take it out

    Exactly what Tim Garrett from the University of Utah points out. He’s being severely attacked for his journal articles stating the obvious about energy conservation: if we don’t burn it, somebody else will, a.k.a., Jevon’s paradox.

    “I’m just saying it’s not really possible to conserve energy in a meaningful way because the current rate of energy consumption is determined by the unchangeable past of economic production. If it feels good to conserve energy, that is fine, but there shouldn’t be any pretense that it will make a difference.”

    Is Global Warming Unstoppable?
    THEORY ALSO SAYS ENERGY CONSERVATION DOESN’T HELP
    https://archive.unews.utah.edu/news_releases/is-global-warming-unstoppable/

    But hey, murdering the planet is all worth it to sit in an expensive steel cage stuck in traffic for a few decades! Even though we could walk just as fast, considering all the contraption-nurturing time expended.

    ________
    * “Fortune is of sluggish growth, but ruin is rapid.” -Lucius Anneaus Seneca

    • Replies: @Mulga Mumblebrain
  7. In his first sentence Buchanan begins with the democrats “Great Leap Forward.” Isn’t that what they called Chairman Mao’s Cultural Revolution?

    The difference is that Mao was a Nationalist, ruling a country which was overwhelmingly from the same ethnic group (Han Chinese). And look where China is today economically in such a short period of time. And they never went all-in on GloboHomo.

    The democrats and their Controllers, on the other hand, are intent on destroying Heritage America. That’s what their open borders scams and totalitarian lockdowns are all about. It has nothing to do with making this country a better place to live. Our Controllers Great Leap Forward (braindead Biden is just their sock puppet) won’t work out nearly as well for us.

  8. rgl says:

    A one-line mention of a huge money drain on the treasury – endless war. How many American problems, and not only financial, would find remedy in the simple draining of the Pentagon’s budget I wonder?

    Apparently, Mr. Buchanan does not wonder about such things.

    • Agree: GomezAdddams
  9. ruralguy says:

    In ordinary life, bankruptcy laws make bankruptcy of an individual a mild event. The individual’s debt is merely forgiven. That is not the case with a nation, especially the U.S., which is a critical node in the global trade network. In this case, bankruptcy is a systematic failure of the economy. Congress sees Seignorage, the gain from the Fed issue of base money, is free. But, if you crunch the numbers, the increased money growth actually decreases the “real” Seignorage, because it decreases real-money holdings. In economic terms, using the excess Seignorage to balance the Intertemporal budget constraint is the equivalent of a heart attack. It’s a key indicator the Government is broke and systematic failure is in progress. Unlike the common cold of individual bankruptcy, it is a serious heart attack with high probabilities the patient will not recover.

  10. The deficit is a function of the President’s ego, the power of the communist left, and the people’s ignorance and complacency. All are at new highs, no end in sight. Therefore the deficit will rocket higher, higher than anything Elon has dreampt for his Starship.

    The only way to contain it is not to count. And not look down.

    • Thanks: tgordon
    • Replies: @tgordon
  11. Joe Biden IS and always was a boob and corrupt creature of the swamp. Nothings changed with him. One thing however is affirmed with Joe Biden winding up as president of the U.S., to wit, “Truth IS stranger than fiction.” Harris winding up as vice president, also affirms the saying. In the democratic primaries these two clowns were the least popular of all the candidates. YOU FIGURE IT OUT!!

  12. Apparently you can just print as much money as you need without consequence.

  13. anonymous[377] • Disclaimer says:

    Why are you attributing volition to this vegetable? CIA stole another election and inserted a vegetable into the presidential figurehead slot to insult and humiliate you. Because you voted wrong.

    Biden is not bidding to do anything. Biden’s Lewy bodies are not bidding to remake America either. They are bidding to keep his feces backing up in his bloated bowels. Or they are bidding to make him fall down. That’s all.

    When are you going to come off this grade-school civics bullshit? You’re not ten years old anymore.

    • LOL: tgordon
  14. El Dato says:

    On air:

    “Biden needs to go bold and get people vaccinated otherwise venues will have reopened and people will go out and enjoy their freedoms unvaccinated and without any freedom passes”

    It’s as if they want people to get “vaxxed” come hell or high water. Weird that.

  15. anonymous[416] • Disclaimer says:

    China is leading the world in renewable energy. They are installing renewables at a furious pace and heading to carbon neutrality by 2060.

  16. MarkinLA says:
    @RoatanBill

    Yeah, everybody trots out this Reagan nonsense but think about this:

    The vast majority of taxpayers are just employees of some business. Only because of the pay they get from the business do they pay taxes. If an employee is fired and replaced by somebody else, the fired employee no longer pays taxes and the new employee does yet the total amount of taxes collected is the same. Therefore, it is really the business that pays all the taxes. Nobody pays taxes simply because they are a citizen.

    So who pays the taxes, the business or the people? The problem is tax laws that allow business and the people who profit by them to defer paying anything even collecting from the government. Businesses have the legal protection of the US government in international operations, they should pay something for that.

    As for passing everything on to their customers, some of it will be passed on and some will cut into profits.

    • Replies: @RoatanBill
    , @Emslander
  17. @MarkinLA

    Where can I catch your whole comedy routine?

    • Replies: @MarkinLA
  18. tgordon says:
    @SeekerofthePresence

    I’ve had recurring dreams over the years of being propelled skyward in some way, shape or form only to begin an inevitable terrifying descent which will somehow transmogrify into another dream, thus avoiding a crash landing. Will America be so lucky?

    I’m sure it’s a common dream for many/most people (or I’m simply nuts). Your comment reminded me of these REM adventures. Sadly, collective reality at this point has become hallucinatory to the extent that dreams and waking life are no longer separate entities. Maybe it’s always been like this and I never noticed.

    • Thanks: SeekerofthePresence
  19. Time to pay up, boomers. Millennials and Zoomers aren’t gonna tolerate you guys and your ill-gotten wealth much longer!

    I quite like the way Alexander the Great’s successors were given cogomens by their people. I nominate Joe Biden for either “Nikator” or “Eleutherios”.

  20. Escher says:
    @Rodrigodielcid

    The Russians are too small an economy to impact the status of the USD.
    The Chinese, in the other hand, are in a MAD situation with the US on this issue. How do they decouple without wiping out their dollar holdings?

    • Replies: @acementhead
  21. Public works projects, like > 95% of government spending, is pure waste.

    The true national debt is bigger than all the money in the world. It will never be repaid. The least dishonest thing the government can do about it is to renounce it this weekend, i.e. before US financial markets re-open.

    [MORE]

    Lots of economic ignorami above. Corps/biz’ do NOT pay all the taxes. I’m too lazy to check, but I doubt that corporate income tax revenues are close to those collected from 1040s.

    One group that absolutely does NOT pay taxes are government workers (i.e. tax leeches). If a $100K/yr worker pays $20K in taxes, then 4 of them support one $100K gov “worker”.

  22. @anon

    China has more renewable energy and EV than any other country. Their industry made solar PV and wind the cheapest forms of energy. Their energy production is that off-shored from the rich countries, who are responsible for most emission before c.1980. China will decarbonise, faster than racist Sinophobes imagine, but their bilious hate will never stop being spewed out. But, as you say, it’s too late, barring active CO2 removal from the atmosphere, which looks a long shot. All we can hope for is that the denialists who murdered their own species face justice.

  23. @Supply and Demand

    I prefer ‘Cunctator’, give or take.

  24. Gordo says:

    So protect big business so they can export jobs and import cheap labour? Why?

  25. Emslander says:
    @MarkinLA

    One of the glaring gaps in this Unz site, which I think is the best on the internet, is the lack of writing by responsible counter-establishment economic thinkers. (Didn’t want to say “economists”.)

    R-Bill, here, is the best economic thinker among the commenters. That Hudson, who is apparently the designated writer on the subject, appears to be a pseudonym for a 22-year old girl with a theater degree from the University of Missouri.

    If not philosophy, culture or spirit, the only thing worth discussing among adult men is economic worth and the barriers to obtaining it. In every civilization, government is the greatest barrier to human aspiration.

    RoatanBill recognizes that.

    Broader and deeper examinations of our insane government’s systematic 150-year destruction of an inherently prosperous people would be helpful, for our edification and our discussion.

  26. Biden’s plans are exactly what China would be doing if it were in charge of America. Biden is learning from China and he may well turn out to be a Great American President, on the level of Reagan, Washington or Lincoln.

    Imitation-the most SINCERE form of Flattery as the USA turns Full-China with its own investments in infrastructure, science and education.

    JOE BIDEN IS IMITATING CHINA.

    If we can’t beat the Chinese, we should copy them. Hopefully they won’t accuse us of stealing their ideas and blueprints for prosperity, just like we accuse them(falsely) of everything bad under the sun.

    It’s so embarrassing and low-class of our govt to frequently accuse so many other countries of raping our economy, stealing our tech and jobs, etc., when the REAL REASON is mostly due to our predatory corporate system and our hopelessly corrupt govt.

    1)China did not take our jobs. Our companies outsourced them to other countries because costs of production were hugely less in those other countries, and thus profits would be huge when selling their products back in the US.

    Our govt let this happen and happily encouraged it. Trump also supported it, buying cheap foreign stuff for his hotels and businesses all the time. Go to any Trump hotel and you’ll see more than 90% of the stuff in them is Korean, Chinese or Indian. Even the steel beams, the bricks, the walls, the roofs, the flooring, all Chinese, Korean or Indian. The soaps, the towels, the gold-colored condoms, everything.

    2)Did China steal Tech from us? No more than most other countries. Many US companies shared tech willingly with chinese partners to get access to the huge china market.

    The few court cases I know where China stole tech from the US are dwarfed by numerous cases where US companies stole tech from other countries.

    Even the design and software of the Apple ipod was stolen from a chinese company. Apple paid $100M+ in fines plus other stuff, all recorded in US court decisions.

    So know in the end, we have a US president, copying China, hoping to get his lameass country back on track as a world leader. Good luck, Joe! At least you’re not Trump—so maybe u have a chance.

  27. @GreatSocialist

    Biden’s plans are exactly what China would be doing if it were in charge of America.

    The Chinese would be investing in infrastructure projects that benefit the whole nation, not pissing away money on the transgender lobby, global warming and enforcing Israeli foreign policy around the world.

    • Replies: @Anonymous
  28. @Emslander

    R-B wrote Corporations don’t pay taxes. They collect them ..

    This you call (presumably impressive) economic thinking?!

    It’s true that the government drafts (private, efficient etc.) biz’s as tax collectors (e.g. sales tax). One who denies that biz’s pay taxes should look at the pie chart on the IRS’ website: It shows the corp income tax haul.

    The idea that biz’s can pass-along their [tax] costs, e.g. in the form of higher prices to consumers, is obviously false. If it were true, the statutory MW would not be an issue.

    Biz taxes are real. They reduce the take-home pay of shareholders.

  29. Emslander says:

    Biz taxes are real. They reduce the take-home pay of shareholders.

    Shareholders are also people. Costs can be passed on to consumers according to the slope of the demand curve for the product or service produced.

    Read one of the many short economics books recently written by conservatives.

  30. Anonymous[191] • Disclaimer says:
    @Johnny Smoggins

    Well said.

  31. hhsiii says:
    @RoatanBill

    Presumably corporations sell products at the price they think will bring in the most money, regardless of the amount of the income tax they pay.

    • Replies: @RoatanBill
    , @Emslander
  32. @Rodrigodielcid

    Inflation is ‘contained’ because the official inflation statistics are fraudulent, nowadays wildly and arrogantly false.

  33. @Emslander

    Of course shareholders are people. Parasitic people living off the labour of others. In this country the presstitutes often speak of ‘jobs’, but NEVER of ‘profits’. It’s a forbidden word, like ‘Palestinian’.

    • Replies: @Emslander
  34. @GreatSocialist

    Snowden pointed out that the biggest IP thief is the USA, as it has been for centuries. After all ‘Yankee’ comes from a Dutch word for thief.

    • Replies: @antibeast
  35. @Emslander

    “That Hudson, who is apparently the designated writer on the subject, appears to be a pseudonym for a 22-year old girl with a theater degree from the University of Missouri.”
    A 22 year old with a degree in drama? Very imaginative — & nothing more.
    And the US Gov’ has been systematically destroying citizens propensity to be productive SINCE the War between the States? 150 years…..? Thank God for Gov’ inefficency …..

  36. @hhsiii

    One of the most valuable classes I ever took was called ‘limit theory’. It basically suggests to use the macro and micro view of whatever is being investigated to see where the control rests.

    Suppose corporate taxation was set to 95%. Common sense would indicate that all prices for goods and services would rise in response since their operating costs just increased.

    Now suppose that corporate taxation was set to 0%. Common sense would indicate that competition for market share would cause all products or services to be reduced in price since all corporations now have a lower operating cost.

    The end result is that corporations will pass through any tax they pay or don’t pay to their customers.

    Corporations never pay a tax, regardless of any laws. Any laws that resemble corporate taxation are, in effect, laws that force corporations to collect a tax from their customers and give it to the gov’t. This allow the gov’t to hide the true tax bite they inflict on human beings by hiding whatever the corporate tax rate is from the population, essentially making it another hidden tax like inflation.

    Only the terminally stupid want corporate taxation that allows the gov’t to bamboozle the human population.

    • Replies: @Realist
  37. @GreatSocialist

    We got it dumbass, you hate Trump. That’s your 250 words, in a nutshell.

  38. Emslander says:
    @Mulga Mumblebrain

    The point made at the start was that you don’t tax a corporation, you always tax people; customers, shareholders or employees. Some shareholders are rich bastards. Some customers are rich bastards. Some employees are rich bastards.

    Some aren’t, but they’re all PEOPLE, not corporations.

  39. Emslander says:
    @hhsiii

    Business sets prices where the market will bear them, at the axis of the demand curve and the supply curve, if you made a graph. If those prices don’t support the costs and make the shareholders a profit, the corporation will cease to exist in that market.

    Try doing a business some day and see how easy it is.

  40. antibeast says:
    @Mulga Mumblebrain

    And the biggest thief of US IP are US multinationals themselves who transfer their US-made IP rights to overseas tax havens.

  41. journey80 says:

    I wish people would stop referring to “Joe Biden’s” this and “Joe Biden’s” that. The hustle is insulting enough without you buying into it.

    How about the “Biden” administration’s this and that?

    Or how about Third Obama’s this and that?

  42. Realist says:
    @RoatanBill

    Now suppose that corporate taxation was set to 0%. Common sense would indicate that competition for market share would cause all products or services to be reduced in price since all corporations now have a lower operating cost.

    But that presupposes there is competition.

  43. Incitatus says:

    “To finance this leap, to subsidize this giant stride toward socialism”

    Socialism? Really? As opposed to Trump’s $1.5 trillion leap into corporate feudalism/oligarchy? For corporations that already pay no taxes? Tell us about that Pat.

    How about GW Bush’s two GOP wartime leaps into feudalism/oligarchy (Iraq: where are those WMDs?). Tax breaks, the zero-sum GOP game.

    Pat, you champion a recent president who in 10 of 15 years paid no federal tax (bragged about it), paid $750/yr 2016 and 2017. No wonder he ‘loves America’. He’s getting a free ride. Just like son-in-law prince Jared and Princess Ivanka (earned up to $600 million 2016-20 while ‘serving’ as White House ‘advisors’. According to the NYTs they paid little of no taxes.

    Poor Pat. What a disgrace you are.

  44. They are pulling dollars out their ass now in trillions. Trillions! I myself am due to recieve 1,400 ass dollars. Why now? And why not add a zero? 14,000 ass dollars. Why not 140,000? You figure it out. Here is a hint to get you started. The “National Debt” will never be paid or it will be paid with devalued “dollars”. Ask yourself; how much more can the “dollar” be devalued before it becomes worthless? True. Theoretically it can never go to zero. But it can go to .0000000000000000000000001. How many of those “dollars” would you need to buy a happy meal?

    We are witnessing the dying squirms of King Dollar.

    I’m investing my ass dollars in my old van. I figure I will soon be living in it.

    • Agree: brandybranch
  45. @Supply and Demand

    Time to pay up, boomers.

    Bad Boy Bad Boy
    Whatchagonna do
    Whatchagonna do
    When your parents put a lock on the refrigertor and kick you out of their basement?

  46. Incitatus says:

    “To finance this leap, to subsidize this giant stride toward socialism”

    Socialism? ‘Government ownership of the means of production’? Evidence please.

    “U.S. corporations are to be forced to turn over to the government a far larger slice of their earnings.”

    Does this mean Amazon, GE and other corporations will actually pay tax for the first time? Corporations legally considered ‘people’, but somehow oft exempt from taxes, exempt from paying for infrastructure they use?

    Trump’s $1.5 trillion ‘leap’ into corporate feudalism/oligarchy meant CEOs used the tax break for stock-buy-backs, boosting their own multi-million-dollar annual compensation. Little more.

    “And that is only the first of the new or added taxes to come — on incomes, capital gains and estates.”

    Golly. Perhaps Donald J. Trump will actually pay more than $750/year (2016, 2017) or (10 of 15 years) no federal tax? Perhaps Jared Kushner will pay tax on $400-600 million (2016-20) income (according to the NYTs he probably paid none), while Kushner Company borrowed $850,000,000 in federally backed sweetheart-interest only loans to buy pandemic Maryland and Virginia real estate 2019-20?

    Confess, Pat!. The only genuine GOP position is reduction of taxes to zero and beyond for donors and yourself – not especially for anyone else. As well as a lemming-like disregard for the national debt when they/you contribute to it. Reagan tripled it (the record). GW Bush doubled it (two wartime tax breaks – Cheney insisted “Reagan proved deficits don’t matter. We won the midterms. This is our due”). “Cakewalk” wars they launched and claimed would ‘pay for themselves’ bloodied the military and drained the treasury (Cheney’s Hallibuton/KBR was the top earner in Iraq). GWB let Wall Street run amok 2007-08, then stepped in to save their bacon (leaving Obama with the bill).

    All the GOP crap about ‘American values’, ‘conservatism’ and the rest ended when we invaded Iraq 2003 to cover GWB’s embarrassment at not protecting us 9/11/01. Your party has been on a self-enrichment/bankrupt America rampage ever since.

    “Make no mistake. “Sleepy Joe” is determined to emulate, not Bill Clinton or Barack Obama, but FDR and LBJ, and to be remembered as a president who raised federal power to new heights.”

    Alas, Chicken Little, (once again) the sky is falling!

    “Inside the Republican Party, once a church preaching small government and balanced budgets, the deficit hawks are going the way of the passenger pigeon — toward extinction.”

    Agree on that one. Genius multiple-bankrupt businessman Trump added $7,000,000,000 to the debt in four years. A new record. The ‘church’? Nothing more despicable than the ‘pious’ who endorsed the genital-grabbing multiple divorcee.

    Poor, poor GOP. This is what bankrupt ideology looks like.

  47. Incitatus says:

    Honoré de Balzac, writing of French nobility in the 1830s describes the current GOP exactly:

    “Reduced in stature, they showed themselves unamenable to discipline; and, as in the Byzantine Empire, each one of them wished to be Emperor. They saw that they were all equal in weakness, but each of them fancied himself individually superior. Each…thought only of itself instead of thinking of the great aristocratic family, and it seemed to them that, if they all enriched themselves, the party itself would be strong. They were wrong…It wanted to be an aristocracy when it could be no more than an oligarchy.”

    “A failure to take the broad view…the commonly shared concern to restore the great fortunes…the imperative need for religion as a basis for political action; a craving for pleasure which militated against religion and necessitated hypocrisy; the partial resistance of some loftier and clear sighted spirits frustrated by Court jealousies; a provincial nobility, often of purer race than the court nobility but which was so often snubbed that it became disaffected: all these factors combined to give the Faubourg Saint-Germain a confusion of discordant manners. It was neither compact in its system nor consequent in its acts; it was neither completely moral nor frankly licentious, neither corrupt nor corrupting. It would not cease from raising issues which worked to its disadvantage, nor would it adopt ideas which might have saved it.”

    The word ‘destiny’ comes to mind.

    Poor, poor GOP.

  48. MarkinLA says:
    @RoatanBill

    Well then don’t post idiotic drivel that people as stupid as Reagan think make sense. Taxation is a lot more complicated than businesses don’t pay taxes. There are a lot of conflicting issues to deal with. We don’t want taxation strangling business but we don’t want to subsidize them either. We want to tax unproductive activities like speculation but not productive activities like manufacturing or R&D. Taxes need to be paid in a modern first world country, so where do they come from?

    In your fantasy world where only people should pay taxes, where does Amazon fit in? The company never pays income taxes as it is. How many Amazon employees actually pay any income tax? Is it 1%, 2%, it can’t be more than 5%. See the problem there? Even if you took out all the BS in our government there is no way you can have a system where only 5% of the people pay for it.

    My example is not meant to prove anything other than what you posted is just a sound byte without any value. I just took the chicken and egg issue of taxation and chose to make an equally simplistic scenario in the hope you would see the stupidity of yours.

    • Replies: @RoatanBill
  49. MarkinLA says:
    @GreatSocialist

    Great American President, on the level of Reagan

    The guy who gave us an amnesty for illegals, hundreds of thousands of “refugees” from his stupid wars in the central America paid for with dope brought in by the CIA. The guy whose administration led the charge for moving jobs out of the country (NAFTA) and visas for foreign workers (H-1Bs).

    Yeah, that Great American President.

    • Replies: @acementhead
  50. MarkinLA says:
    @Emslander

    Corporations are also people. People should pay taxes.

  51. @MarkinLA

    Corporations are owned by their shareholders. Their shareholders, people, pay taxes on their dividends and capital gains on any increased value of their stock when its sold. Currently, the corporation is taxed once and then the shareholders are taxed again. That’s being taxed twice simply because there’s a corporate entity between the gov’t and the people.

    In the end, the corporations that pay little to no taxes are the corporations that can afford the lawyers and accountants to limit their tax liability via the laws that they get passed via their campaign contributions that give them a loophole.

    The gov’t makes out like the bandits they are. By advocating that corporations should be taxed, what you’re actually advocating for is the ability of the gov’t to put one over on the population by hiding the money they take from them by using the corporate middleman to collect part of the tax they eventually pay in the price of the product or service they purchase as consumers. That’s not just stupid, it’s also evil.

  52. Biden cannot be trusted – he promotes the global warming hoax

  53. @Escher

    ” How do they decouple without wiping out their dollar holdings?”

    HA, easy peasy. They do exactly what New Zealanders(except stupid me) are doing flat out, ever since 2000. They by real stuff, to wit, real property. And not only do they that, they borrow, and thereby they have negative holdings of dollars and therefore benefit from inflation.

    So the Chinese should spend their dollars while they can. Buy real stuff flat out. Of course their remaining holdings, during the process, will decrease in value rapidly but they will still be better off in even the medium term.

  54. @MarkinLA

    Yeah, that Great American President.

    I’ve always considered Reagan to be a real lying scumbag. He made a deal with Iran(his scumbag running-mate Bush went to Europe to do it) for Iran to hold the hostages until after the election, and he would illegally supply arms. They did, and he did. That’s treason.

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