Comments on: The positive side of the budget debacle http://blogs.reuters.com/anatole-kaletsky/2013/10/17/the-positive-side-of-the-budget-debacle/ Sat, 03 Jan 2015 16:42:55 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: nzl-kz7 http://blogs.reuters.com/anatole-kaletsky/2013/10/17/the-positive-side-of-the-budget-debacle/#comment-1260 Sun, 20 Oct 2013 11:46:15 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=614#comment-1260 Read Rommel, in the desert. One of his and the Wehrmacht’s tactic’s was the ability to turn flight into a scathing counter attack almost instantly.

Not that there appear to be any Rommel’s in the GOP as the Start fight’s they know they cant win.

Th last thing democrat’s should do now is start getting arrogant and over confident like their idiot boos in the oval office.

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By: matthewslyman http://blogs.reuters.com/anatole-kaletsky/2013/10/17/the-positive-side-of-the-budget-debacle/#comment-1256 Fri, 18 Oct 2013 09:00:47 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=614#comment-1256 @chekovmerlin: Personally I share Kaletsky’s optimism that these events will mark an important turning point on the road to a long-term growth market. I would only caution that in order to enter that path, we need to understand and control the forces that have been putting our economy into a flat spin. We cannot merely trust that our “market” economy “just works”, the garden needs active weeding and planting! If we don’t pay adequate attention to this duty, we will instead enter a different path of economic retrogression where opportunistic politicians / factions will “resolve” unemployment and inequality problems through foreign and domestic conflict (real or threatened, perhaps on a large scale). Let’s choose the better path…

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By: matthewslyman http://blogs.reuters.com/anatole-kaletsky/2013/10/17/the-positive-side-of-the-budget-debacle/#comment-1255 Fri, 18 Oct 2013 08:29:52 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=614#comment-1255 I agree with everything Mr. Kaletsky has written here, except perhaps in that I am still not convinced that reducing taxes from a low average base-line would boost the US economy! (This is a piece of right-wing doctrine; albeit conventional economic thinking; that Kaletsky and others appear to be taking as a given!)
Modern information technology, the inexorably ongoing “information revolution”, is concentrating economic and market arbitration power increasingly in the hands of the few. Unless these market players (Google, Amazon, Microsoft, Apple etc…) are taxed appropriately, and unless the taxes are distributed and spent fairly on redressing these increasing imbalances in our economic system; we will end up with an “economy” where millions of people are paid to stay out of work – not only for a few weeks as in a government shutdown, but rather, as permanently unemployed zombies. We’ll waste incredible amounts of human capital.
Instead, we need to make taxation fairer (no idiotic “system” with high nominal corporate tax but with thousands of loopholes and exemptions, no “double Irish”, no Dutch sandwich or whatever you call it with companies biding their time until some corrupt stooge gives them a tax holiday on the “repatriation” of these “foreign” profits). Our governments/IRS/EC need to start listening to David Cay Johnston and stop listening to special interests, stop giving special privileges to companies that hop across state lines all the time, stop granting disproportionate concessions to French farmers who use violence and blockades to hold the rest of our economy to ransom and get their way, etc.
Here’s a numerical basis for what I’m talking about:
http://www.slyman.org/blog/2011/07/reaga nomics-and-prudent-taxation/

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By: chekovmerlin http://blogs.reuters.com/anatole-kaletsky/2013/10/17/the-positive-side-of-the-budget-debacle/#comment-1254 Thu, 17 Oct 2013 21:02:16 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=614#comment-1254 You are more optimistic than I am. I fear the Tea Party will strike again. Too much money of reactionaries behind them. However, they ARE weaker.

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