Comments on: Stimulus? http://www.bearmountainbull.com/home/stimulus-012609/ Musings on the markets for the individual investor Sat, 31 Jul 2010 01:21:36 -0700 http://wordpress.org/?v=2.9.1 hourly 1 By: BMB http://www.bearmountainbull.com/home/stimulus-012609/comment-page-1/#comment-12494 BMB Wed, 28 Jan 2009 13:25:25 +0000 http://www.bearmountainbull.com/?p=9251#comment-12494 I agree with you Christian, but at this point, I don't think there's any stopping it. "And when this plan fails miserably to bring about any solution to the fiscal crisis", they'll say it wasn't "big enough", and launch a bigger and better Stimulus III and Stimulus IV. I'm not sure there's any saving us. The only thing we can do is figure out how to best protect what we have and try to keep it from getting into government's hands. I wouldn't put it past them to start raiding savings and retirement accounts to 'level the playing field'. We're not that far away from having a majority of the population that doesn't pay income taxes -- the point of no return. Will that majority ever vote people into office who will start making them pay taxes again? I think not. I agree with you Christian, but at this point, I don’t think there’s any stopping it. “And when this plan fails miserably to bring about any solution to the fiscal crisis”, they’ll say it wasn’t “big enough”, and launch a bigger and better Stimulus III and Stimulus IV.

I’m not sure there’s any saving us. The only thing we can do is figure out how to best protect what we have and try to keep it from getting into government’s hands. I wouldn’t put it past them to start raiding savings and retirement accounts to ‘level the playing field’.

We’re not that far away from having a majority of the population that doesn’t pay income taxes — the point of no return. Will that majority ever vote people into office who will start making them pay taxes again? I think not.

]]> By: Christian http://www.bearmountainbull.com/home/stimulus-012609/comment-page-1/#comment-12493 Christian Wed, 28 Jan 2009 09:15:02 +0000 http://www.bearmountainbull.com/?p=9251#comment-12493 Ron Paul's comments on the stimulus bill (HR-1) gives us just enough of a thumbnail sketch to know we must utterly reject this as a 'solution' to the nation's economic troubles. A good bit more detail on the bill can be found on the opencongress.org website also. Since the House will vote on this bill on Wednesday Jan 28, it seems the administration has more than one reason to rush the bill through. Its likely to pass before many of us actually have a chance to read and evaluate it on possible merits and faults and also communicate to our represantatives the dissatisfaction many of us have in principal to such a bill. After all, we're only going to be paying for this bill for the next several decades! Perhaps by that time the US Treasury will have decided they must simply print whatever money they need - once it can no longer be wrung out of the exhausted taxpayer. HR1 is certain to be the first of a number of very similar costly and foolish stimulus programs... If HR1 passes we by default opt for a future that will be known for the increases in all forms of taxes brought upon us. This will include capital gains taxes, increased fuel taxes and new federal, state and local taxes on every social amenity and service, raising our cost of living through use and consumption and regulatory fees of every kind. And when this plan fails miserably to bring about any solution to the fiscal crisis, we will see high unemployment, and global economic stresses that could bring about new international currency and trade wars. We only need to look to our closest neighbor Canada, an over-regulated, over-taxed socialist nation in order to grasp just what the US may eventually be modeled after. For example I see regulatory fees charged by each of the additional numerous State and Federal agencies that will be required to oversee our new life in an era of carbon neutrality that is certain to come. How many of us will look back and see that our principal mistake was to have allowed an essentially bankrupt and unrestrained US government to interfere in this crisis at all. Ron Paul’s comments on the stimulus bill (HR-1) gives us just enough of a thumbnail sketch to know we must utterly reject this as a ’solution’ to the nation’s economic troubles. A good bit more detail on the bill can be found on the opencongress.org website also.

Since the House will vote on this bill on Wednesday Jan 28, it seems the administration has more than one reason to rush the bill through. Its likely to pass before many of us actually have a chance to read and evaluate it on possible merits and faults and also communicate to our represantatives the dissatisfaction many of us have in principal to such a bill. After all, we’re only going to be paying for this bill for the next several decades! Perhaps by that time the US Treasury will have decided they must simply print whatever money they need – once it can no longer be wrung out of the exhausted taxpayer. HR1 is certain to be the first of a number of very similar costly and foolish stimulus programs…

If HR1 passes we by default opt for a future that will be known for the increases in all forms of taxes brought upon us. This will include capital gains taxes, increased fuel taxes and new federal, state and local taxes on every social amenity and service, raising our cost of living through use and consumption and regulatory fees of every kind.

And when this plan fails miserably to bring about any solution to the fiscal crisis, we will see high unemployment, and global economic stresses that could bring about new international currency and trade wars. We only need to look to our closest neighbor Canada, an over-regulated, over-taxed socialist nation in order to grasp just what the US may eventually be modeled after. For example I see regulatory fees charged by each of the additional numerous State and Federal agencies that will be required to oversee our new life in an era of carbon neutrality that is certain to come.

How many of us will look back and see that our principal mistake was to have allowed an essentially bankrupt and unrestrained US government to interfere in this crisis at all.

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