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	<title>Comments on: Peter Orszag: Sorry, America, you are way undertaxed</title>
	<atom:link href="http://blogs.reuters.com/james-pethokoukis/2010/11/13/peter-orszag-sorry-america-you-are-way-undertaxed/feed/" rel="self" type="application/rss+xml" />
	<link>http://blogs.reuters.com/james-pethokoukis/2010/11/13/peter-orszag-sorry-america-you-are-way-undertaxed/</link>
	<description>Politics and policy from inside Washington</description>
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		<title>By: Wolfram</title>
		<link>http://blogs.reuters.com/james-pethokoukis/2010/11/13/peter-orszag-sorry-america-you-are-way-undertaxed/comment-page-1/#comment-10004</link>
		<dc:creator>Wolfram</dc:creator>
		<pubDate>Mon, 15 Nov 2010 16:59:49 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.reuters.com/james-pethokoukis/?p=5035#comment-10004</guid>
		<description>Funny country, the USA!

Cut my taxes--they are too high! 
Stop spending more--we already have too much government spending!

If you look closely at the two statements, a smart person would realize quickly that the two will produce the debt burden--not tax burden--that exists.

God forbid, many social-democratic countries have high taxes and high spending. This has led to less poverty, income inequality, lack of saving(remember, if you live at or below poverty lines saving money is not possible).

The US has some stark choices to make:
1) increase safety nets and increase taxes
2) remove the black hole of HMO&#039;s and military contractors
3) rebuild their manufacturing industry

Lets remember that the Big three-M, Ford, Chrysler--created manufacturing in Canada because of universal health care, which was helping--not hindering--business.

There are many fiscal conservatives who are congenitally incapable and blind to how economic forces work...unless their bluster is designed to allow de-industrialization,off-shore manufacturing, and other unpatriotic shenanigans to pad the profit line of those who benefit.

In closing, the US has 12-24 months to begin righting the ship before it gets foreclosed by other economic power houses</description>
		<content:encoded><![CDATA[<p>Funny country, the USA!</p>
<p>Cut my taxes&#8211;they are too high!<br />
Stop spending more&#8211;we already have too much government spending!</p>
<p>If you look closely at the two statements, a smart person would realize quickly that the two will produce the debt burden&#8211;not tax burden&#8211;that exists.</p>
<p>God forbid, many social-democratic countries have high taxes and high spending. This has led to less poverty, income inequality, lack of saving(remember, if you live at or below poverty lines saving money is not possible).</p>
<p>The US has some stark choices to make:<br />
1) increase safety nets and increase taxes<br />
2) remove the black hole of HMO&#8217;s and military contractors<br />
3) rebuild their manufacturing industry</p>
<p>Lets remember that the Big three-M, Ford, Chrysler&#8211;created manufacturing in Canada because of universal health care, which was helping&#8211;not hindering&#8211;business.</p>
<p>There are many fiscal conservatives who are congenitally incapable and blind to how economic forces work&#8230;unless their bluster is designed to allow de-industrialization,off-shore manufacturing, and other unpatriotic shenanigans to pad the profit line of those who benefit.</p>
<p>In closing, the US has 12-24 months to begin righting the ship before it gets foreclosed by other economic power houses</p>
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		<title>By: silliness</title>
		<link>http://blogs.reuters.com/james-pethokoukis/2010/11/13/peter-orszag-sorry-america-you-are-way-undertaxed/comment-page-1/#comment-10003</link>
		<dc:creator>silliness</dc:creator>
		<pubDate>Mon, 15 Nov 2010 16:53:13 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.reuters.com/james-pethokoukis/?p=5035#comment-10003</guid>
		<description>Democrats did not miss the tea party revolt, we are now preparing to balance the budget on the backs of old rich people.  They all vote GOP anyway.  Let&#039;s cut their SS and Medicare benefits now before the tea party hypocrisy becomes obvious to them.  I&#039;m sure all those elderly GOP voters are willing to sacrifice for the sake of a balanced budget.  Heck, we might even be able to help some poor old people by throwing all the rich ones off Medicare and SS.  Bring it on!</description>
		<content:encoded><![CDATA[<p>Democrats did not miss the tea party revolt, we are now preparing to balance the budget on the backs of old rich people.  They all vote GOP anyway.  Let&#8217;s cut their SS and Medicare benefits now before the tea party hypocrisy becomes obvious to them.  I&#8217;m sure all those elderly GOP voters are willing to sacrifice for the sake of a balanced budget.  Heck, we might even be able to help some poor old people by throwing all the rich ones off Medicare and SS.  Bring it on!</p>
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		<title>By: BHOlied</title>
		<link>http://blogs.reuters.com/james-pethokoukis/2010/11/13/peter-orszag-sorry-america-you-are-way-undertaxed/comment-page-1/#comment-10000</link>
		<dc:creator>BHOlied</dc:creator>
		<pubDate>Mon, 15 Nov 2010 16:15:43 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.reuters.com/james-pethokoukis/?p=5035#comment-10000</guid>
		<description>key word is found in the first sentence:

FORMER Obama Budget Director....

why is he the former budget director again?  Oh right, he lost his job in 2 years, quite an accomlishment - he barely made it a year and a half...</description>
		<content:encoded><![CDATA[<p>key word is found in the first sentence:</p>
<p>FORMER Obama Budget Director&#8230;.</p>
<p>why is he the former budget director again?  Oh right, he lost his job in 2 years, quite an accomlishment &#8211; he barely made it a year and a half&#8230;</p>
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